Compact mode
Triple Exponential Average (TRIX) vs Volume Weighted Moving Average (VWMA)
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)Volume Weighted Moving Average (VWMA)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*Known for 💭
The unique selling point or distinguishing feature of the trading indicatorTriple Exponential Average (TRIX)- Filtering Out Market Noise
Volume Weighted Moving Average (VWMA)- Incorporating Volume Into Moving Averages
Made In 🌍
The country or origin of the trading indicatorTriple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Triple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorTriple Exponential Average (TRIX)- Combines triple smoothing with momentum
Volume Weighted Moving Average (VWMA)- Popular among algorithmic and high-frequency traders
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorTriple Exponential Average (TRIX)- It's like a smoothie blender for price data
Volume Weighted Moving Average (VWMA)- So weighted it might sink your chart
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*Triple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Both*Volume Weighted Moving Average (VWMA)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*Triple Exponential Average (TRIX)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorBoth*Triple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorTriple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)Purpose 📈
The primary purpose or application of the trading indicatorTriple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)
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.
Volume Weighted Moving Average (VWMA)- Adds Volume Context To Price Movements
- Less Susceptible To Price Spikes
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
Volume Weighted Moving Average (VWMA)- Can Be Less Effective In Low-Volume Markets
- More Complex Than Simple Moving AveragesDescribes indicators that involve more intricate calculations than basic moving averages. Click to see all.
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isTriple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesTriple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorTriple Exponential Average (TRIX)- 7
Volume Weighted Moving Average (VWMA)- 6.5
Score ⭐
The overall score of the trading indicator based on various performance metricsTriple Exponential Average (TRIX)Volume Weighted Moving Average (VWMA)
Alternatives to Triple Exponential Average (TRIX)
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages💻 is easier to use than Volume Weighted Moving Average (VWMA)
Chaikin Money Flow Oscillator
Known for Measuring Buying/Selling Pressure🔀 is more versatile than Volume Weighted Moving Average (VWMA)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 is easier to use than Volume Weighted Moving Average (VWMA)
⭐ is rated higher overall than Volume Weighted Moving Average (VWMA)
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 is more reliable than Volume Weighted Moving Average (VWMA)
💻 is easier to use than Volume Weighted Moving Average (VWMA)
🔧 is more customizable than Volume Weighted Moving Average (VWMA)
⭐ is rated higher overall than Volume Weighted Moving Average (VWMA)
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends🔀 is more versatile than Volume Weighted Moving Average (VWMA)
🔧 is more customizable than Volume Weighted Moving Average (VWMA)
⭐ is rated higher overall than Volume Weighted Moving Average (VWMA)
Aroon Up And Down
Known for Identifying Potential Trend Changes💻 is easier to use than Volume Weighted Moving Average (VWMA)
⭐ is rated higher overall than Volume Weighted Moving Average (VWMA)
Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Volume Weighted Moving Average (VWMA)
💻 is easier to use than Volume Weighted Moving Average (VWMA)
🔀 is more versatile than Volume Weighted Moving Average (VWMA)
⭐ is rated higher overall than Volume Weighted Moving Average (VWMA)
Elder Impulse System
Known for Combining Trend And Momentum💻 is easier to use than Volume Weighted Moving Average (VWMA)