Compact mode
Triple Exponential Average (TRIX) vs Aroon Up And Down vs Guppy Multiple Moving Average
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)Aroon Up and Down- TrendAroon Up and Down is a Trend type indicator. Indicators that help identify and confirm market trends
Guppy Multiple Moving Average- TrendGuppy Multiple Moving Average 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*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Aroon Up and DownKnown 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.
Aroon Up and Down- Identifying Potential Trend ChangesAroon Up and Down is known for Identifying Potential Trend Changes.
Guppy Multiple Moving Average- Visualizing Short-Term And Long-Term TrendsGuppy Multiple Moving Average is known for Visualizing Short-Term And Long-Term Trends.
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
Aroon Up and Down- USAAroon Up and Down was developed in USA. Trading indicators developed by American market analysts
Guppy Multiple Moving Average
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Triple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving Average- LaggingGuppy Multiple Moving Average 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 communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorTriple Exponential Average (TRIX)- Combines triple smoothing with momentum
Aroon Up and Down- Developed by Tushar Chande in 1995
Guppy Multiple Moving Average- Developed by Australian trader Daryl Guppy
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorTriple Exponential Average (TRIX)- It's like a smoothie blender for price data
Aroon Up and Down- Even Aroon can't predict when your investments will go 'Aroon-d' the bend!
Guppy Multiple Moving Average- Sometimes looks like a colorful spaghetti mess on the chart
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.
- WeeklyIndicators 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.Triple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving AverageSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
- DivergencesIndicators 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*Triple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving Average
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorTriple Exponential Average (TRIX)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.
Guppy 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.
Purpose 📈
The primary purpose or application of the trading indicatorTriple Exponential Average (TRIX)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.
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.
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
Aroon Up and Down- Measures Trend Strength
- Indicates Potential Reversals
- Easy To Interpret
Guppy Multiple Moving Average- Clear Visual Representation Of TrendsIndicators offering easy-to-interpret visual cues for market trends
- Helps Identify Trend Strength
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
Aroon Up and Down- Can Produce False Signals
- Lag In Volatile Markets
- Limited Use In Ranging Markets
Guppy Multiple Moving Average- Can Be Overwhelming With Multiple Lines
- Lag In Fast-Moving Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorTriple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving AverageEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isTriple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving AverageVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesTriple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving AverageCustomization 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.
Aroon Up and Down- 6.5The customization score for Aroon Up and Down is 6.5 out of 10.
Guppy Multiple Moving Average- 7.5The customization score for Guppy Multiple Moving Average is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsTriple Exponential Average (TRIX)Aroon Up and DownGuppy Multiple Moving Average
Alternatives to Triple Exponential Average (TRIX)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
⭐
is rated higher overall 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
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