Average True Range (ATR) vs Awesome Oscillator (AO) vs Trend Magic
Compact mode

Average True Range (ATR) vs Awesome Oscillator (AO) vs Trend Magic

General Information Comparison

Characteristics Comparison

Facts Comparison

  • Interesting Fact 💡

    An intriguing or lesser-known fact about the trading indicator
    Average True Range (ATR)
    • Part of Welles Wilder's indicators
    Awesome Oscillator (AO)
    • Created by Bill Williams
    Trend Magic
    • Created by an anonymous trader and gained popularity in online forums
  • Sarcastic Fact 😉

    A humorous or ironic observation about the trading indicator
    Average True Range (ATR)
    • It's the drama meter of the market - higher values mean more excitement
    Awesome Oscillator (AO)
    • It's like a mood ring for the market's emotional state
    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*
    • Daily
      Indicators optimized for daily chart analysis, suitable for swing and position traders.
    • Weekly
      Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

Usage Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Average True Range (ATR)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀 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)
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)
Elder-Ray Index
Known for Combining Trend And Momentum
🔀 is more versatile 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)