Relative Strength Index (RSI) vs Average True Range (ATR) vs Average Directional Index (ADX)
Compact mode

Relative Strength Index (RSI) vs Average True Range (ATR) vs Average Directional Index (ADX)

Table of content

General Information Comparison

Characteristics Comparison

Facts Comparison

  • Interesting Fact 💡
    An intriguing or lesser-known fact about the trading indicator
    Relative Strength Index (RSI)
    • Created by J. Welles Wilder
    Average True Range (ATR)
    • Part of Welles Wilder's indicators
    Average Directional Index (ADX)
    • Part of the Directional Movement System

  • Sarcastic Fact 😉
    A humorous or ironic observation about the trading indicator
    Relative Strength Index (RSI)
    • The only thing relative about it is how relatively often it's misused
    Average 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

Application Comparison

  • Timeframe 🕑
    The time intervals or periods for which the trading indicator is most effective or commonly used.
    For all*
    • Daily
      Indicators optimized for daily chart analysis, suitable for swing and position traders.
    Relative Strength Index (RSI)
    • 1-Hour
      Relative Strength Index (RSI) is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
    • 4-Hour
      Relative Strength Index (RSI) is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
    Average True Range (ATR)
    • Weekly
      Average True Range (ATR) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    Average Directional Index (ADX)
    • Weekly
      Average Directional Index (ADX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Relative Strength Index (RSI)
Donchian Channels
Known for Simplicity And Effectiveness
🔧 is more customizable than Average True Range (ATR)
⭐ is rated higher overall 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)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻 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)
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)
Keltner Channels
Known for Combining Moving Averages With Volatility
🔧 is more customizable than Average True Range (ATR)
Simple Moving Average (SMA)
Known for Smooth Price Movements
💻 is easier to use than Average True Range (ATR)
⭐ is rated higher overall than Average True Range (ATR)
Bollinger Bands
Known for Volatility And Trend Strength
🔀 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
🔀 is more versatile than Average True Range (ATR)
🔧 is more customizable than Average True Range (ATR)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
Aroon Up And Down
Known for Identifying Potential Trend Changes