Compact mode
Average True Range (ATR) vs Keltner Channels 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.Average True Range (ATR)Keltner ChannelsAwesome 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.
Average True Range (ATR)Awesome Oscillator (AO)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.
Keltner Channels- Combining Moving Averages With VolatilityKeltner Channels is known for Combining Moving Averages With Volatility.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
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
Keltner Channels- United StatesKeltner Channels was developed in United States. Indicators developed in the USA, reflecting American trading principles
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.Average True Range (ATR)- LaggingAverage True Range (ATR) is a Lagging indicator. Indicators that confirm trends after they have started
Keltner Channels- LaggingKeltner Channels 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 indicatorAverage True Range (ATR)Keltner ChannelsAwesome 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 indicatorAverage True Range (ATR)- Part of Welles Wilder's indicators
Keltner Channels- Named after Chester Keltner
Awesome Oscillator (AO)- Created by Bill Williams
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
Keltner Channels- It's like a bodyguard for price trends keeping them in check
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 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
Keltner Channels- BreakoutsKeltner Channels generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
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*Keltner Channels
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Keltner ChannelsAwesome Oscillator (AO)Purpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Keltner ChannelsAwesome Oscillator (AO)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Keltner Channels- Less Sensitive To Spikes Than Bollinger BandsProvides more stable signals in volatile markets compared to Bollinger Bands
- Good For Identifying Trends
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 indicatorAverage True Range (ATR)Keltner Channels- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Requires Proper Parameter Setting
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 indicatorAverage True Range (ATR)Keltner ChannelsAwesome Oscillator (AO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Keltner ChannelsAwesome Oscillator (AO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Keltner ChannelsAwesome Oscillator (AO)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.
Keltner Channels- 8The customization score for Keltner Channels is 8 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 metricsAverage True Range (ATR)Keltner ChannelsAwesome Oscillator (AO)
Alternatives to 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)
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)
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)