Compact mode
Triple Exponential Average (TRIX) vs Alligator Indicator 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.Triple Exponential Average (TRIX)Alligator Indicator- TrendAlligator Indicator is a Trend type indicator. Indicators that help identify and confirm market trends
Trend Magic- TrendTrend Magic is a Trend type indicator. Indicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Triple Exponential Average (TRIX)Alligator IndicatorTrend MagicKnown 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.
Alligator Indicator- Identifying Market Sleep And AwakeningAlligator Indicator is known for Identifying Market Sleep And Awakening.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Made In 🌍
The country or origin of the trading indicatorTriple Exponential Average (TRIX)- United StatesTriple Exponential Average (TRIX) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Alligator IndicatorTrend Magic- 2000STrend Magic was developed in 2000S. Trading indicators developed in the early 21st century
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Triple Exponential Average (TRIX)Alligator Indicator- LaggingAlligator Indicator is a Lagging indicator. Indicators that confirm trends after they have started
Trend MagicComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorTriple Exponential Average (TRIX)Alligator IndicatorTrend MagicPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityTriple Exponential Average (TRIX)- MediumThe popularity of Triple Exponential Average (TRIX) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Alligator Indicator- MediumThe popularity of Alligator Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Trend Magic- LowThe popularity of Trend Magic among traders is considered Low. Indicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorTriple Exponential Average (TRIX)- Combines triple smoothing with momentum
Alligator Indicator- Named after the three moving average lines resembling an alligator's jaw nose and teeth
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorTriple Exponential Average (TRIX)- It's like a smoothie blender for price data
Alligator Indicator- Sometimes the alligator sleeps through the best trades
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.For all*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Triple Exponential Average (TRIX)- WeeklyTriple Exponential Average (TRIX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Alligator Indicator- 4-HourAlligator Indicator is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
Trend Magic- WeeklyTrend Magic is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.For all*Signal 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
- DivergencesTriple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Alligator Indicator- CrossoversAlligator Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Trend Magic- Color-Coded SignalsTrend Magic generates trading signals through Color-Coded Signals. Indicators using different colors to represent various trading signals or conditions
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorTriple Exponential Average (TRIX)Alligator Indicator- Forex TradersAlligator Indicator is designed for Forex Traders. Specialized tools for analyzing currency pair movements and trends Click to see all.
- Cryptocurrency TradersAlligator Indicator is designed for Cryptocurrency Traders. Specialized tools for analyzing volatile digital asset markets Click to see all.
Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorTriple Exponential Average (TRIX)Alligator Indicator- Trend IdentificationAlligator Indicator is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Entry/Exit PointsAlligator Indicator is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorTriple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends
Alligator Indicator- Combines Multiple Moving Averages
- Visual Representation Of Market Trends
Trend Magic- Easy To Interpret Color SignalsIndicators using intuitive color schemes for quick signal interpretation
- Filters Out Minor Price MovementsIndicators that focus on significant price changes, ignoring minor fluctuations
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
Alligator Indicator- Complex For BeginnersIndicators that are easy to understand and use for novice traders, facilitating learning and strategy development Click to see all.
- Prone To False Signals In Choppy Markets
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorTriple Exponential Average (TRIX)Alligator IndicatorTrend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isTriple Exponential Average (TRIX)Alligator IndicatorTrend MagicVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesTriple Exponential Average (TRIX)Alligator IndicatorTrend MagicCustomization 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.
Alligator Indicator- 7The customization score for Alligator Indicator is 7 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 metricsTriple Exponential Average (TRIX)Alligator IndicatorTrend Magic
Alternatives to Triple Exponential Average (TRIX)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is rated higher overall than Alligator Indicator
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Alligator Indicator
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is more versatile than Alligator Indicator
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is more customizable than Alligator Indicator
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is rated higher overall than Alligator Indicator
Simple Moving Average (SMA)
Known for Smooth Price Movements
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is rated higher overall than Alligator Indicator
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is more versatile than Alligator Indicator
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is more customizable than Alligator Indicator
⭐
is rated higher overall than Alligator Indicator
Dynamic Momentum Index
Known for Adapting To Market Volatility
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is more reliable than Alligator Indicator
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is rated higher overall than Alligator Indicator
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is more versatile than Alligator Indicator
🔧
is more customizable than Alligator Indicator
⭐
is rated higher overall than Alligator Indicator
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is more versatile than Alligator Indicator
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is rated higher overall than Alligator Indicator
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is more versatile than Alligator Indicator
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is rated higher overall than Alligator Indicator
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Alligator Indicator
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is easier to use than Alligator Indicator
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is rated higher overall than Alligator Indicator