Compact mode
Awesome Oscillator (AO) vs Fast Stochastic vs Balance Of Power (BOP)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Awesome Oscillator (AO)Fast StochasticBalance of Power (BOP)- VolumeBalance of Power (BOP) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
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.
Awesome Oscillator (AO)Fast StochasticKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorAwesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
Fast Stochastic- Rapid Momentum ShiftsFast Stochastic is known for Rapid Momentum Shifts.
Balance of Power (BOP)- Measuring Market SentimentBalance of Power (BOP) is known for Measuring Market Sentiment.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators 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.For all*Complexity 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 communityAwesome Oscillator (AO)- MediumThe popularity of Awesome Oscillator (AO) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Fast Stochastic- HighThe popularity of Fast Stochastic among traders is considered High. Widely used and trusted indicators in the trading community
Balance of Power (BOP)- LowThe popularity of Balance of Power (BOP) 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 indicatorAwesome Oscillator (AO)- Created by Bill Williams
Fast Stochastic- Often used in conjunction with Slow Stochastic for confirmation
Balance of Power (BOP)- Calculates the strength of buying and selling pressure
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAwesome Oscillator (AO)- It's like a mood ring for the market's emotional state
Fast Stochastic- Nicknamed the "hare" in contrast to Slow Stochastic's "tortoise"
Balance of Power (BOP)- It's like a tug-of-war meter for bulls and bears
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.
Awesome Oscillator (AO)- WeeklyAwesome Oscillator (AO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Fast Stochastic- HourlyFast Stochastic is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
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.Awesome Oscillator (AO)Fast StochasticBalance of Power (BOP)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAwesome 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
Fast Stochastic- CrossoversFast Stochastic generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesFast Stochastic generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Balance of Power (BOP)- ThresholdsBalance of Power (BOP) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorAwesome Oscillator (AO)Fast Stochastic- PeriodFast Stochastic offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- ThresholdsFast Stochastic offers customization options for Thresholds. Customizable thresholds for signal generation Click to see all.
Balance of Power (BOP)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAwesome Oscillator (AO)Fast StochasticBalance of Power (BOP)Purpose 📈
The primary purpose or application of the trading indicatorAwesome Oscillator (AO)Fast Stochastic- Quick Entry/Exit SignalsFast Stochastic is primarily used for Quick Entry/Exit Signals.
Balance of Power (BOP)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAwesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
Fast Stochastic- Provides Earlier Signals Than Slow Stochastic
- Useful For Short-Term Trading
Balance of Power (BOP)- No Need For Volume DataUseful for markets or assets where volume data is unavailable or unreliable
- Helps Identify Potential Reversals
Cons 👎
Disadvantages or limitations of the trading indicatorAwesome 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.
Fast Stochastic- More Prone To False SignalsIndicates that some indicators may generate more unreliable trading signals than others. Click to see all.
- Requires Careful Interpretation
Balance of Power (BOP)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAwesome Oscillator (AO)Fast StochasticBalance of Power (BOP)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAwesome Oscillator (AO)Fast StochasticBalance of Power (BOP)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization 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 metricsAwesome Oscillator (AO)Fast StochasticBalance of Power (BOP)
Alternatives to Awesome Oscillator (AO)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀
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)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
🔀
is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
⭐
is rated higher overall 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)
Momentum Indicator
Known for Price Velocity
💻
is easier to use than Awesome Oscillator (AO)
🔀
is more versatile 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)
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)
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)