Compact mode
Moving Average Convergence Divergence (MACD) vs Awesome Oscillator (AO) vs Aroon Up And Down
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 Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and Down- TrendAroon Up and Down 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*- 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 Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and DownKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
Aroon Up and Down- Identifying Potential Trend ChangesAroon Up and Down is known for Identifying Potential Trend Changes.
Made In 🌍
The country or origin of the trading indicatorMoving Average Convergence Divergence (MACD)- 1960SMoving Average Convergence Divergence (MACD) was developed in 1960S. Trading indicators developed during a decade of economic growth and social change
Awesome Oscillator (AO)- United StatesAwesome Oscillator (AO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Aroon Up and Down- USAAroon Up and Down was developed in USA. Trading indicators developed by American market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Convergence Divergence (MACD)- LaggingMoving Average Convergence Divergence (MACD) is a Lagging indicator. Indicators that confirm trends after they have started
Awesome Oscillator (AO)Aroon Up and DownComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityMoving Average Convergence Divergence (MACD)- HighThe popularity of Moving Average Convergence Divergence (MACD) among traders is considered High. Widely used and trusted indicators in the trading community
Awesome Oscillator (AO)- MediumThe popularity of Awesome Oscillator (AO) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Aroon Up and Down- MediumThe popularity of Aroon Up and Down among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Awesome Oscillator (AO)- Created by Bill Williams
Aroon Up and Down- Developed by Tushar Chande in 1995
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
Aroon Up and Down- Even Aroon can't predict when your investments will go 'Aroon-d' the bend!
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.Moving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and DownSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
- DivergencesIndicators 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 Convergence Divergence (MACD)Aroon Up and Down
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and Down- Technical AnalystsAroon Up and Down is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Swing TradersAroon Up and Down is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and Down- Trend Strength AnalysisAroon Up and Down is primarily used for Trend Strength Analysis.
- Trend ReversalsAroon Up and Down is primarily used for Trend Reversals. Indicators that help traders spot potential changes in market direction Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
Aroon Up and Down- Measures Trend Strength
- Indicates Potential Reversals
- Easy To Interpret
Cons 👎
Disadvantages or limitations of the trading indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
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.
Aroon Up and Down- Can Produce False Signals
- Lag In Volatile Markets
- Limited Use In Ranging Markets
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isFor all*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and DownCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Convergence Divergence (MACD)- 7The customization score for Moving Average Convergence Divergence (MACD) is 7 out of 10.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
Aroon Up and Down- 6.5The customization score for Aroon Up and Down is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Aroon Up and Down
Alternatives to Moving Average Convergence Divergence (MACD)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💯
is more reliable than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
Elder Triple Screen
Known for Trend-Momentum Alignment
💯
is more reliable than Awesome Oscillator (AO)
🔀
is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
⭐
is rated higher overall than Awesome Oscillator (AO)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
🔀
is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
⭐
is rated higher overall than Awesome Oscillator (AO)
Momentum Indicator
Known for Price Velocity
💻
is easier to use than Awesome Oscillator (AO)
🔀
is more versatile than Awesome Oscillator (AO)
Rate Of Change (ROC)
Known for Speed Of Price Changes
💻
is easier to use than Awesome Oscillator (AO)
🔀
is more versatile than Awesome Oscillator (AO)
⭐
is rated higher overall than Awesome Oscillator (AO)
Donchian Channels
Known for Simplicity And Effectiveness
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is more reliable than Awesome Oscillator (AO)
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is more customizable than Awesome Oscillator (AO)
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is rated higher overall than Awesome Oscillator (AO)