Compact mode
Moving Average Convergence Divergence (MACD) vs Triple Exponential Average (TRIX) vs Aroon Up And Down
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Moving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and DownAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Moving Average Convergence Divergence (MACD)Aroon Up and DownKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
Aroon Up and Down- Identifying Potential Trend ChangesAroon Up and Down is known for Identifying Potential Trend Changes.
Made In 🌍
The country or origin of the trading indicatorMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and Down
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and DownComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and Down
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
Aroon Up and Down- Developed by Tushar Chande in 1995
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Triple Exponential Average (TRIX)- It's like a smoothie blender for price data
Aroon Up and Down- Even Aroon can't predict when your investments will go 'Aroon-d' the bend!
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Moving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and DownCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Moving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and Down
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and Down- Technical AnalystsAroon Up and Down is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Swing TradersAroon Up and Down is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and Down- Trend Strength AnalysisAroon Up and Down is primarily used for Trend Strength Analysis.
- Trend ReversalsAroon Up and Down is primarily used for Trend Reversals. Indicators that help traders spot potential changes in market direction Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Triple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy Click to see all.
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends Click to see all.
Aroon Up and Down- Measures Trend Strength
- Indicates Potential Reversals
- Easy To Interpret
Cons 👎
Disadvantages or limitations of the trading indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Triple Exponential Average (TRIX)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Potential Lag In Signals
Aroon Up and Down- Can Produce False Signals
- Lag In Volatile Markets
- Limited Use In Ranging Markets
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and DownVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and DownCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Convergence Divergence (MACD)- 7The customization score for Moving Average Convergence Divergence (MACD) is 7 out of 10.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Aroon Up and Down- 6.5The customization score for Aroon Up and Down is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Triple Exponential Average (TRIX)Aroon Up and Down
Alternatives to Moving Average Convergence Divergence (MACD)
Elder-Ray Index
Known for Combining Trend And Momentum🔧 is more customizable than Triple Exponential Average (TRIX)
⭐ is rated higher overall than Triple Exponential Average (TRIX)
Ultimate Oscillator
Known for Multi-Timeframe Analysis🔀 is more versatile than Triple Exponential Average (TRIX)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 is easier to use than Triple Exponential Average (TRIX)
⭐ is rated higher overall than Triple Exponential Average (TRIX)
Volume Oscillator
Known for Volume Divergence💻 is easier to use than Triple Exponential Average (TRIX)
⭐ is rated higher overall than Triple Exponential Average (TRIX)
Know Sure Thing (KST)
Known for Trend Strength Measurement🔧 is more customizable than Triple Exponential Average (TRIX)
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Triple Exponential Average (TRIX)
🔀 is more versatile than Triple Exponential Average (TRIX)
🔧 is more customizable than Triple Exponential Average (TRIX)
⭐ is rated higher overall than Triple Exponential Average (TRIX)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement💻 is easier to use than Triple Exponential Average (TRIX)