Compact mode
Average True Range (ATR) vs Average Directional Index (ADX) vs Money Flow Index (MFI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Average True Range (ATR)Average Directional Index (ADX)- TrendAverage Directional Index (ADX) is a Trend type indicator. Indicators that help identify and confirm market trends
Money Flow Index (MFI)- VolumeMoney Flow Index (MFI) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
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.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Average True Range (ATR)Average Directional Index (ADX)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Average Directional Index (ADX)- Trend Strength Without DirectionAverage Directional Index (ADX) is known for Trend Strength Without Direction.
Money Flow Index (MFI)- Volume And Price MovementsMoney Flow Index (MFI) is known for Volume And Price Movements.
Made In 🌍
The country or origin of the trading indicatorAverage True Range (ATR)- 1978Average True Range (ATR) was developed in 1978. Trading indicators specifically developed in 1978
Average Directional Index (ADX)- 1978Average Directional Index (ADX) was developed in 1978. Trading indicators specifically developed in 1978
Money Flow Index (MFI)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Average True Range (ATR)- LaggingAverage True Range (ATR) is a Lagging indicator. Indicators that confirm trends after they have started
Average Directional Index (ADX)- LaggingAverage Directional Index (ADX) is a Lagging indicator. Indicators that confirm trends after they have started
Money Flow Index (MFI)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)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 indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Average Directional Index (ADX)- Part of the Directional Movement System
Money Flow Index (MFI)- Often called the volume-weighted RSI
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Average Directional Index (ADX)- It's like a gym membership - tells you how strong the trend is but not where it's going
Money Flow Index (MFI)- It's like a financial breathalyzer - measures how intoxicated buyers are
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.Average True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- ThresholdsIndicators that generate signals when certain predefined levels or conditions are met
Money Flow Index (MFI)- DivergencesMoney Flow Index (MFI) 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*Money Flow Index (MFI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)Purpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)- Volume-Weighted RSIMoney Flow Index (MFI) is primarily used for Volume-Weighted RSI.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Average Directional Index (ADX)- Effective For Identifying Strong Trends
- Non-DirectionalProvides market insights without predicting price direction, useful for various strategies
Money Flow Index (MFI)- Incorporates VolumeUses trading volume data to provide deeper market insights
- Useful For Divergence Trading
Cons 👎
Disadvantages or limitations of the trading indicatorAverage True Range (ATR)Average Directional Index (ADX)- Doesn't Indicate Trend DirectionIndicators that don't reveal trend direction, potentially missing important market context. Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Money Flow Index (MFI)- Can Be Less Effective In Low Volume Environments
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Average Directional Index (ADX)- 6.5The customization score for Average Directional Index (ADX) is 6.5 out of 10.
Money Flow Index (MFI)- 7The customization score for Money Flow Index (MFI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Average Directional Index (ADX)Money Flow Index (MFI)
Alternatives to Average True Range (ATR)
Directional Movement Index (DMI)
Known for Strength Of Price Movement
🔀
is more versatile than Average Directional Index (ADX)
🔧
is more customizable than Average Directional Index (ADX)
⭐
is rated higher overall than Average Directional Index (ADX)
Elder Triple Screen
Known for Trend-Momentum Alignment
🔀
is more versatile than Average Directional Index (ADX)
🔧
is more customizable than Average Directional Index (ADX)
⭐
is rated higher overall than Average Directional Index (ADX)
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
🔀
is more versatile than Average Directional Index (ADX)
🔧
is more customizable than Average Directional Index (ADX)
Moving Average Envelope
Known for Price Range Visualization
💻
is easier to use than Average Directional Index (ADX)
🔧
is more customizable than Average Directional Index (ADX)
⭐
is rated higher overall than Average Directional Index (ADX)
Keltner Channels
Known for Combining Moving Averages With Volatility
💻
is easier to use than Average Directional Index (ADX)
🔧
is more customizable than Average Directional Index (ADX)
⭐
is rated higher overall than Average Directional Index (ADX)
Elder Impulse System
Known for Combining Trend And Momentum
💻
is easier to use than Average Directional Index (ADX)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
🔧
is more customizable than Average Directional Index (ADX)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻
is easier to use than Average Directional Index (ADX)
🔧
is more customizable than Average Directional Index (ADX)
⭐
is rated higher overall than Average Directional Index (ADX)
Aroon Up And Down
Known for Identifying Potential Trend Changes
💻
is easier to use than Average Directional Index (ADX)