Compact mode
Triple Exponential Average (TRIX) vs Relative Vigor Index (RVI) vs Psychological Line
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Triple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological LineAsset 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.
Psychological LineKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorTriple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Psychological Line- Extreme Sentiment DetectionPsychological Line is known for Extreme Sentiment Detection.
Made In 🌍
The country or origin of the trading indicatorTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological Line
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity 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 communityTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological Line
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorTriple Exponential Average (TRIX)- Combines triple smoothing with momentum
Relative Vigor Index (RVI)- Developed by John Ehlers
Psychological Line- Developed by Japanese analysts and less known in Western markets
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorTriple Exponential Average (TRIX)- It's like a smoothie blender for price data
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
Psychological Line- Nicknamed the "mood ring" of the stock market
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.Triple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological LineSignal Generation 📊
Describes the methods by which the indicator produces trading signalsTriple Exponential Average (TRIX)- CrossoversTriple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesTriple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Relative Vigor Index (RVI)- CrossoversRelative Vigor Index (RVI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesRelative Vigor Index (RVI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Psychological LineCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Triple Exponential Average (TRIX)Relative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological LinePurpose 📈
The primary purpose or application of the trading indicatorTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological Line
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorTriple 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.
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge Click to see all.
Psychological Line- Helps Identify Potential Market Tops And Bottoms
- Useful For Contrarian Strategies
Cons 👎
Disadvantages or limitations of the trading indicatorTriple Exponential Average (TRIX)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Potential Lag In Signals
Relative Vigor Index (RVI)- Can Be Unreliable In Ranging MarketsIndicators that excel in sideways or consolidating markets, providing accurate signals Click to see all.
- Requires ConfirmationRefers to indicators that need additional validation before acting on their signals. Click to see all.
Psychological Line- Can Be Less Effective In Strong Trends
- Requires Understanding Of Market Psychology
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological LineEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological LineVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological LineCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorTriple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Psychological Line- 5.5The customization score for Psychological Line is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsTriple Exponential Average (TRIX)Relative Vigor Index (RVI)Psychological Line
Alternatives to Triple Exponential Average (TRIX)
Ultimate Oscillator
Known for Multi-Timeframe Analysis🔀 is more versatile than Triple Exponential Average (TRIX)
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)
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)
Know Sure Thing (KST)
Known for Trend Strength Measurement🔧 is more customizable 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)
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)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction💻 is easier to use than Triple Exponential Average (TRIX)
🔀 is more versatile than Triple Exponential Average (TRIX)
⭐ is rated higher overall than Triple Exponential Average (TRIX)