Compact mode
Moving Average Envelope vs Average True Range (ATR) vs Awesome Oscillator (AO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Moving Average Envelope- TrendMoving Average Envelope is a Trend type indicator. Indicators that help identify and confirm market trends
Average True Range (ATR)Awesome Oscillator (AO)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.
Moving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Envelope- Price Range VisualizationMoving Average Envelope is known for Price Range Visualization.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
Made In 🌍
The country or origin of the trading indicatorMoving Average Envelope- United StatesMoving Average Envelope was developed in United States. Indicators developed in the USA, reflecting American trading principles
Average True Range (ATR)- 1978Average True Range (ATR) was developed in 1978. Trading indicators specifically developed in 1978
Awesome Oscillator (AO)- United StatesAwesome Oscillator (AO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Envelope- LaggingMoving Average Envelope is a Lagging indicator. Indicators that confirm trends after they have started
Average True Range (ATR)- LaggingAverage True Range (ATR) is a Lagging indicator. Indicators that confirm trends after they have started
Awesome Oscillator (AO)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)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 indicatorMoving Average Envelope- Envelopes typically use 2% above and below the moving average
Average True Range (ATR)- Part of Welles Wilder's indicators
Awesome Oscillator (AO)- Created by Bill Williams
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Envelope- Often mistaken for Bollinger Bands by novice traders
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
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 signalsMoving Average Envelope- BreakoutsMoving Average Envelope generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Average True Range (ATR)- ThresholdsAverage True Range (ATR) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Awesome Oscillator (AO)- CrossoversAwesome Oscillator (AO) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesAwesome Oscillator (AO) 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*Moving Average Envelope
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)Purpose 📈
The primary purpose or application of the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Envelope- Simple To Understand And Implement
- Helps Identify Overbought/Oversold ConditionsSignals when an asset may be overvalued or undervalued, helping traders spot potential reversals
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
Cons 👎
Disadvantages or limitations of the trading indicatorMoving Average Envelope- Can Be Late In Signaling Trend ReversalsIndicators that excel in early trend reversal detection, minimizing delays in signaling changes Click to see all.
- Effectiveness Varies In Different Market Conditions
Average True Range (ATR)Awesome Oscillator (AO)- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Requires Confirmation From Price ActionDescribes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Envelope- 7.5The customization score for Moving Average Envelope is 7.5 out of 10.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average EnvelopeAverage True Range (ATR)Awesome Oscillator (AO)
Alternatives to Moving Average Envelope
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)
Donchian Channels
Known for Simplicity And Effectiveness
🔧
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)
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)
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)
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)