Compact mode
Psychological Line
Known for Extreme Sentiment Detection
Table of content
General Information
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly used- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- ForexIndicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesIndicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Made In 🌍
The country or origin of the trading indicator
Characteristics
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading community
Facts
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicator- Developed by Japanese analysts and less known in Western markets
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicator- Nicknamed the "mood ring" of the stock market
Application
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.
Technical Details
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Signal Generation 📊
Describes the methods by which the indicator produces trading signalsCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicator
Usage
For whom 👥
The target audience or user group for the trading indicatorPurpose 📈
The primary purpose or application of the trading indicator
Evaluation
Performance Metrics
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCustomization Score 🔧
A score representing the degree of customization available for the trading indicator- 5.5
Score ⭐
The overall score of the trading indicator based on various performance metrics
Alternatives to Psychological Line
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Known for Momentum Measurement💯 is more reliable than Psychological Line
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Elder Force Index
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Dynamic Momentum Index
Known for Adapting To Market Volatility💯 is more reliable than Psychological Line
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Linear Regression Indicator
Known for Predicting Price Trends💯 is more reliable than Psychological Line
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Choppiness Index
Known for Identifying Trending Vs Choppy Markets💯 is more reliable than Psychological Line
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Trend Magic
Known for Simplifying Trend Analysis💻 is easier to use than Psychological Line
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Relative Vigor Index (RVI)
Known for Trend Confirmation💻 is easier to use than Psychological Line
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Schaff Trend Cycle
Known for Combining Trend And Cycle Analysis💯 is more reliable than Psychological Line
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Aroon Indicator
Known for Measuring Time Between Highs And Lows💯 is more reliable than Psychological Line
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Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Psychological Line
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