Compact mode
Aroon Indicator vs Guppy Multiple Moving Average vs Vortex Indicator (VI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*- TrendIndicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Known for 💭
The unique selling point or distinguishing feature of the trading indicatorAroon Indicator- Measuring Time Between Highs And LowsAroon Indicator is known for Measuring Time Between Highs And Lows.
Guppy Multiple Moving Average- Visualizing Short-Term And Long-Term TrendsGuppy Multiple Moving Average is known for Visualizing Short-Term And Long-Term Trends.
Vortex Indicator (VI)- Trend Reversal DetectionVortex Indicator (VI) is known for Trend Reversal Detection.
Made In 🌍
The country or origin of the trading indicatorAroon Indicator- United StatesAroon Indicator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Guppy Multiple Moving AverageVortex Indicator (VI)- AustraliaVortex Indicator (VI) was developed in Australia. Trading indicators developed by Australian market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Aroon IndicatorGuppy Multiple Moving Average- LaggingGuppy Multiple Moving Average is a Lagging indicator. Indicators that confirm trends after they have started
Vortex Indicator (VI)- LaggingVortex Indicator (VI) is a Lagging indicator. Indicators that confirm trends after they have started
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 communityAroon Indicator- MediumThe popularity of Aroon Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Guppy Multiple Moving Average- MediumThe popularity of Guppy Multiple Moving Average among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Vortex Indicator (VI)- LowThe popularity of Vortex Indicator (VI) 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 indicatorAroon Indicator- Name means "Dawn's Early Light" in Sanskrit
Guppy Multiple Moving Average- Developed by Australian trader Daryl Guppy
Vortex Indicator (VI)- Inspired by the vortex concept in fluid dynamics
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAroon Indicator- It's like a sunrise alarm clock for new trends
Guppy Multiple Moving Average- Sometimes looks like a colorful spaghetti mess on the chart
Vortex Indicator (VI)- It's like a weather vane for market trends
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.
Aroon Indicator- WeeklyAroon Indicator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Guppy Multiple Moving Average- WeeklyGuppy Multiple Moving Average 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.Aroon IndicatorGuppy Multiple Moving AverageVortex Indicator (VI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Guppy Multiple Moving Average- DivergencesGuppy Multiple Moving Average generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Guppy Multiple Moving Average
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAroon IndicatorGuppy Multiple Moving Average- Technical AnalystsGuppy Multiple Moving Average is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend FollowersGuppy Multiple Moving Average is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Vortex Indicator (VI)Purpose 📈
The primary purpose or application of the trading indicatorAroon Indicator- Trend Strength And Direction AnalysisAroon Indicator is primarily used for Trend Strength And Direction Analysis.
Guppy Multiple Moving Average- Trend StrengthGuppy Multiple Moving Average is primarily used for Trend Strength. Tools that assess the power and momentum behind a market trend Click to see all.
- Trend ReversalGuppy Multiple Moving Average is primarily used for Trend Reversal. Indicators that signal potential changes in the current market trend direction Click to see all.
Vortex Indicator (VI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAroon Indicator- Helps Identify Beginning And End Of TrendsIndicators specializing in spotting the start and conclusion of market trends
- Shows Trend StrengthQuantifies the power behind price movements, aiding in trend confirmation
Guppy Multiple Moving Average- Clear Visual Representation Of TrendsIndicators offering easy-to-interpret visual cues for market trends
- Helps Identify Trend Strength
Vortex Indicator (VI)- Simple To Interpret
- Effective In Trending Markets
Cons 👎
Disadvantages or limitations of the trading indicatorAroon Indicator- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Requires Confirmation From Other IndicatorsIndicates that some indicators need validation from other technical tools for reliable signals. Click to see all.
Guppy Multiple Moving Average- Can Be Overwhelming With Multiple Lines
- Lag In Fast-Moving Markets
Vortex Indicator (VI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAroon IndicatorGuppy Multiple Moving AverageVortex Indicator (VI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAroon IndicatorGuppy Multiple Moving AverageVortex Indicator (VI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAroon IndicatorGuppy Multiple Moving AverageVortex Indicator (VI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorAroon Indicator- 7The customization score for Aroon Indicator is 7 out of 10.
Guppy Multiple Moving Average- 7.5The customization score for Guppy Multiple Moving Average is 7.5 out of 10.
Vortex Indicator (VI)- 6The customization score for Vortex Indicator (VI) is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAroon IndicatorGuppy Multiple Moving AverageVortex Indicator (VI)
Alternatives to Aroon Indicator
Keltner Channels
Known for Combining Moving Averages With Volatility
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is more customizable than Aroon Indicator
Chaikin Oscillator
Known for Accumulation/Distribution Trends
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is more customizable than Aroon Indicator
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
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is more versatile than Aroon Indicator
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more versatile than Aroon Indicator
Volume Oscillator
Known for Volume Divergence
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is more versatile than Aroon Indicator
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is easier to use than Aroon Indicator
Aroon Up And Down
Known for Identifying Potential Trend Changes
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is easier to use than Aroon Indicator
Ichimoku Cloud
Known for All-In-One Indicator
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is more versatile than Aroon Indicator
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is more customizable than Aroon Indicator
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is rated higher overall than Aroon Indicator
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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is more reliable than Aroon Indicator
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is more versatile than Aroon Indicator
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is rated higher overall than Aroon Indicator
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more reliable than Aroon Indicator
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is easier to use than Aroon Indicator
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is rated higher overall than Aroon Indicator