Compact mode
Average True Range (ATR) vs Awesome Oscillator (AO) 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)Awesome Oscillator (AO)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.
Awesome Oscillator (AO)- StocksThe asset classes Awesome Oscillator (AO) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CryptocurrenciesThe asset classes Awesome Oscillator (AO) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Trend 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.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
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
Awesome Oscillator (AO)- United StatesAwesome Oscillator (AO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Trend 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
Awesome Oscillator (AO)Trend MagicComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorAverage True Range (ATR)Awesome Oscillator (AO)Trend 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
Awesome Oscillator (AO)- MediumThe popularity of Awesome Oscillator (AO) 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
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 indicatorAverage 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*- 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
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
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*Trend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage True Range (ATR)Awesome Oscillator (AO)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorAverage True Range (ATR)Awesome Oscillator (AO)Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
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)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.
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage True Range (ATR)Awesome Oscillator (AO)Trend MagicEase 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 timeframesAverage True Range (ATR)Awesome Oscillator (AO)Trend 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.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 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)Awesome Oscillator (AO)Trend Magic
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)