Compact mode
Average True Range (ATR) vs Trend Magic
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Average True Range (ATR)Trend MagicAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*Average True Range (ATR)- StocksThe asset classes Average True Range (ATR) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesThe asset classes Average True Range (ATR) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Trend MagicKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average True Range (ATR)Trend MagicPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityAverage True Range (ATR)Trend Magic
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Trend Magic- So magical it might turn your losses into rabbits
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Both*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage True Range (ATR)Trend MagicCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorBoth*Trend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Trend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isBoth*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Trend MagicCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Trend Magic- 5.5The customization score for Trend Magic is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Trend Magic
Alternatives to Average True Range (ATR)
Supertrend Indicator
Known for Simplifying Trend Following💯 is more reliable than Trend Magic
💻 is easier to use than Trend Magic
🔀 is more versatile than Trend Magic
⭐ is rated higher overall than Trend Magic
Psychological Line
Known for Extreme Sentiment Detection🔀 is more versatile than Trend Magic
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Alligator Indicator
Known for Identifying Market Sleep And Awakening💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Trend Magic
💻 is easier to use than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Linear Regression Indicator
Known for Predicting Price Trends💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Dynamic Momentum Index
Known for Adapting To Market Volatility💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Detrended Price Oscillator (DPO)
Known for Eliminating Long-Term Trends🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Ichimoku Cloud
Known for All-In-One Indicator💯 is more reliable than Trend Magic
🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic
Relative Vigor Index (RVI)
Known for Trend Confirmation🔀 is more versatile than Trend Magic
🔧 is more customizable than Trend Magic
⭐ is rated higher overall than Trend Magic