Compact mode
Hull Moving Average (HMA) vs Aroon Up And Down vs Elder Impulse System
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*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Hull Moving Average (HMA)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorHull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Aroon Up and Down- Identifying Potential Trend ChangesAroon Up and Down is known for Identifying Potential Trend Changes.
Elder Impulse System- Combining Trend And MomentumElder Impulse System is known for Combining Trend And Momentum.
Made In 🌍
The country or origin of the trading indicatorHull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Aroon Up and Down- USAAroon Up and Down was developed in USA. Trading indicators developed by American market analysts
Elder Impulse System
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 communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorHull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Aroon Up and Down- Developed by Tushar Chande in 1995
Elder Impulse System- Created by Dr. Alexander Elder a renowned trading psychologist
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Aroon Up and Down- Even Aroon can't predict when your investments will go 'Aroon-d' the bend!
Elder Impulse System- Traffic light for traders: green means go red means stop blue means nap time
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Hull Moving Average (HMA)- AnyHull Moving Average (HMA) is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Aroon Up and Down- DailyAroon Up and Down is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyAroon Up and Down is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Elder Impulse System- DailyElder Impulse System is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyElder Impulse System 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.Hull Moving Average (HMA)Aroon Up and DownElder Impulse System- Moving AveragesElder Impulse System uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- MACDElder Impulse System uses the MACD calculation method. Indicators utilizing Moving Average Convergence Divergence for trend and momentum analysis. Click to see all.
Signal Generation 📊
Describes the methods by which the indicator produces trading signalsHull Moving Average (HMA)- CrossoversHull Moving Average (HMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- BreakoutsHull Moving Average (HMA) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Aroon Up and Down- CrossoversAroon Up and Down generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesAroon Up and Down generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder Impulse System- Color-Coded BarsElder Impulse System generates trading signals through Color-Coded Bars. Indicators that color price bars to reflect specific market conditions or signals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Aroon Up and DownElder Impulse System
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Aroon Up and Down- Technical AnalystsAroon Up and Down is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Swing TradersAroon Up and Down is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Elder Impulse System- Day TradersElder Impulse System is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder Impulse System is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Aroon Up and Down- Trend Strength AnalysisAroon Up and Down is primarily used for Trend Strength Analysis.
- Trend ReversalsAroon Up and Down is primarily used for Trend Reversals. Indicators that help traders spot potential changes in market direction Click to see all.
Elder Impulse System- Entry/Exit PointsElder Impulse System is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
- Trend ConfirmationElder Impulse System is primarily used for Trend Confirmation. Indicators that validate the strength and direction of price movements Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorHull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
Aroon Up and Down- Measures Trend Strength
- Indicates Potential Reversals
- Easy To Interpret
Elder Impulse System- Easy To Interpret Color-Coded Signals
- Combines Trend And Momentum
Cons 👎
Disadvantages or limitations of the trading indicatorHull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. Click to see all.
Aroon Up and Down- Can Produce False Signals
- Lag In Volatile Markets
- Limited Use In Ranging Markets
Elder Impulse System- Can Produce False Signals In Ranging Markets
- Requires Understanding Of Multiple Indicators
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Aroon Up and DownElder Impulse SystemEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Aroon Up and DownElder Impulse SystemVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Aroon Up and DownElder Impulse SystemCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorHull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Aroon Up and Down- 6.5The customization score for Aroon Up and Down is 6.5 out of 10.
Elder Impulse System- 6The customization score for Elder Impulse System is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Aroon Up and DownElder Impulse System
Alternatives to Hull Moving Average (HMA)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
⭐
is rated higher overall than Aroon Up and Down
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀
is more versatile than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
⭐
is rated higher overall than Aroon Up and Down
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
🔀
is more versatile than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
🔀
is more versatile than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
Aroon Indicator
Known for Measuring Time Between Highs And Lows
💯
is more reliable than Aroon Up and Down
🔀
is more versatile than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
⭐
is rated higher overall than Aroon Up and Down
Money Flow Index (MFI)
Known for Volume And Price Movements
🔀
is more versatile than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
⭐
is rated higher overall than Aroon Up and Down
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💯
is more reliable than Aroon Up and Down
🔧
is more customizable than Aroon Up and Down
⭐
is rated higher overall than Aroon Up and Down