Compact mode
Average True Range (ATR) vs Alligator Indicator vs Trend Magic
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)Alligator Indicator- TrendAlligator Indicator is a Trend type indicator. Indicators that help identify and confirm market trends
Trend Magic- TrendTrend Magic 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*Average True Range (ATR)- StocksThe asset classes Average True Range (ATR) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesThe asset classes Average True Range (ATR) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Alligator IndicatorTrend MagicKnown 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.
Alligator Indicator- Identifying Market Sleep And AwakeningAlligator Indicator is known for Identifying Market Sleep And Awakening.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
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
Alligator IndicatorTrend Magic- 2000STrend Magic was developed in 2000S. Trading indicators developed in the early 21st century
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
Alligator Indicator- LaggingAlligator Indicator is a Lagging indicator. Indicators that confirm trends after they have started
Trend MagicComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Alligator IndicatorTrend MagicPopularity 🏆
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
Alligator Indicator- MediumThe popularity of Alligator Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Trend Magic- LowThe popularity of Trend Magic 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
Alligator Indicator- Named after the three moving average lines resembling an alligator's jaw nose and teeth
Trend Magic- Created by an anonymous trader and gained popularity in online forums
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
Alligator Indicator- Sometimes the alligator sleeps through the best trades
Trend Magic- So magical it might turn your losses into rabbits
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.
Alligator Indicator- 4-HourAlligator Indicator is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
Trend Magic- WeeklyTrend Magic is most effective for Weekly timeframes. Indicators 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
Alligator Indicator- CrossoversAlligator Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Trend Magic- Color-Coded SignalsTrend Magic generates trading signals through Color-Coded Signals. Indicators using different colors to represent various trading signals or conditions
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Alligator IndicatorTrend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Alligator Indicator- Forex TradersAlligator Indicator is designed for Forex Traders. Specialized tools for analyzing currency pair movements and trends Click to see all.
- Cryptocurrency TradersAlligator Indicator is designed for Cryptocurrency Traders. Specialized tools for analyzing volatile digital asset markets Click to see all.
Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Alligator Indicator- Trend IdentificationAlligator Indicator is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Entry/Exit PointsAlligator Indicator is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Alligator Indicator- Combines Multiple Moving Averages
- Visual Representation Of Market Trends
Trend Magic- Easy To Interpret Color SignalsIndicators using intuitive color schemes for quick signal interpretation
- Filters Out Minor Price MovementsIndicators that focus on significant price changes, ignoring minor fluctuations
Cons 👎
Disadvantages or limitations of the trading indicatorAverage True Range (ATR)Alligator Indicator- Complex For BeginnersIndicators that are easy to understand and use for novice traders, facilitating learning and strategy development Click to see all.
- Prone To False Signals In Choppy Markets
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Alligator IndicatorTrend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage True Range (ATR)Alligator IndicatorTrend MagicVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage True Range (ATR)Alligator IndicatorTrend MagicCustomization 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.
Alligator Indicator- 7The customization score for Alligator Indicator is 7 out of 10.
Trend Magic- 5.5The customization score for Trend Magic is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage True Range (ATR)Alligator IndicatorTrend Magic
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)
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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
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is more customizable than Average True Range (ATR)
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is rated higher overall than Average True Range (ATR)
Moving Average Envelope
Known for Price Range Visualization
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is easier to use than Average True Range (ATR)
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is more customizable than Average True Range (ATR)
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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
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is more versatile than Average True Range (ATR)
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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
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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)
Bollinger Bands
Known for Volatility And Trend Strength
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is more versatile than Average True Range (ATR)
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is more customizable than Average True Range (ATR)
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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)