Compact mode
Average True Range (ATR) vs Average Directional Index (ADX) 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.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
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.
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.
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 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
Guppy Multiple Moving Average
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*- LaggingIndicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Average Directional Index (ADX)Guppy Multiple Moving AveragePopularity 🏆
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
Guppy Multiple Moving Average- Developed by Australian trader Daryl Guppy
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
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.For all*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage True Range (ATR)- ThresholdsAverage True Range (ATR) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Average Directional Index (ADX)- ThresholdsAverage Directional Index (ADX) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Guppy Multiple Moving Average- CrossoversGuppy Multiple Moving Average generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- 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 indicatorAverage True Range (ATR)Average Directional Index (ADX)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 indicatorAverage True Range (ATR)Average Directional Index (ADX)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 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
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 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.
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 indicatorAverage True Range (ATR)Average Directional Index (ADX)Guppy Multiple Moving AverageEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Average Directional Index (ADX)Guppy Multiple Moving AverageVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Average Directional Index (ADX)Guppy Multiple Moving AverageCustomization 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.
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 metricsAverage True Range (ATR)Average Directional Index (ADX)Guppy Multiple Moving Average
Alternatives to Average True Range (ATR)
Donchian Channels
Known for Simplicity And Effectiveness
🔧
is more customizable than Average True Range (ATR)
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is rated higher overall than Average True Range (ATR)
Relative Strength Index (RSI)
Known for Momentum Measurement
💻
is easier to use than Average True Range (ATR)
⭐
is rated higher overall than Average True Range (ATR)
Keltner Channels
Known for Combining Moving Averages With Volatility
🔧
is more customizable than Average True Range (ATR)
Elder Triple Screen
Known for Trend-Momentum Alignment
🔀
is more versatile than Average True Range (ATR)
🔧
is more customizable than Average True Range (ATR)
⭐
is rated higher overall than Average True Range (ATR)
Moving Average Envelope
Known for Price Range Visualization
💻
is easier to use than Average True Range (ATR)
🔧
is more customizable than Average True Range (ATR)
⭐
is rated higher overall than Average True Range (ATR)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is easier to use than Average True Range (ATR)
🔧
is more customizable than Average True Range (ATR)
⭐
is rated higher overall than Average True Range (ATR)
Bollinger Bands
Known for Volatility And Trend Strength
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is more versatile than Average True Range (ATR)
🔧
is more customizable than Average True Range (ATR)
⭐
is rated higher overall than Average True Range (ATR)
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
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is more versatile than Average True Range (ATR)
🔧
is more customizable than Average True Range (ATR)
Simple Moving Average (SMA)
Known for Smooth Price Movements
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is easier to use than Average True Range (ATR)
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is rated higher overall than Average True Range (ATR)