Compact mode
Average True Range (ATR) vs Balance Of Power (BOP) vs Mass Index
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)Balance of Power (BOP)- VolumeBalance of Power (BOP) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Mass IndexAsset 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)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.
Balance of Power (BOP)- Measuring Market SentimentBalance of Power (BOP) is known for Measuring Market Sentiment.
Mass Index- Volatility-Based Reversal PredictionMass Index is known for Volatility-Based Reversal Prediction.
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
Balance of Power (BOP)- United StatesBalance of Power (BOP) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Mass Index- United StatesMass Index 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.Average True Range (ATR)- LaggingAverage True Range (ATR) is a Lagging indicator. Indicators that confirm trends after they have started
Balance of Power (BOP)Mass IndexComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Balance of Power (BOP)Mass IndexPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityAverage True Range (ATR)- MediumThe popularity of Average True Range (ATR) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Balance of Power (BOP)- LowThe popularity of Balance of Power (BOP) among traders is considered Low. Indicators with lower adoption but potential unique insights
Mass Index- LowThe popularity of Mass Index among traders is considered Low. Indicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Balance of Power (BOP)- Calculates the strength of buying and selling pressure
Mass Index- Created by Donald Dorsey
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
Balance of Power (BOP)- It's like a tug-of-war meter for bulls and bears
Mass Index- It's like predicting market earthquakes
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.
Average True Range (ATR)- WeeklyAverage True Range (ATR) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Balance of Power (BOP)- IntradayBalance of Power (BOP) is most effective for Intraday timeframes. Indicators designed for short-term, within-day trading analysis and quick decision-making.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Average True Range (ATR)Balance of Power (BOP)Mass IndexSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- ThresholdsIndicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorAverage True Range (ATR)Balance of Power (BOP)Mass Index- PeriodMass Index offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Bulge ThresholdMass Index offers customization options for Bulge Threshold. Describes indicators that allow setting of levels for identifying significant price movements. Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Balance of Power (BOP)Mass IndexPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Balance of Power (BOP)Mass Index
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Balance of Power (BOP)- No Need For Volume DataUseful for markets or assets where volume data is unavailable or unreliable
- Helps Identify Potential Reversals
Mass Index- Identifies Potential Reversals
- Unique Approach To Volatility
Cons 👎
Disadvantages or limitations of the trading indicatorAverage True Range (ATR)Balance of Power (BOP)- Less KnownIndicators not widely recognized, potentially offering unique insights but with limited community support. Click to see all.
- Can Be Noisy In Volatile MarketsIndicators that provide clear signals in volatile markets, reducing noise and false alarms Click to see all.
Mass Index
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Balance of Power (BOP)Mass IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Balance of Power (BOP)Mass IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Balance of Power (BOP)Mass IndexCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Balance of Power (BOP)Mass Index
Alternatives to 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)
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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)
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
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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)
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)
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)
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)