Compact mode
Bollinger Bands vs Hull Moving Average (HMA) vs Average True Range (ATR)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Bollinger BandsHull Moving Average (HMA)- TrendHull Moving Average (HMA) is a Trend type indicator. Indicators that help identify and confirm market trends
Average True Range (ATR)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.
Bollinger BandsHull Moving Average (HMA)- CommoditiesThe asset classes Hull Moving Average (HMA) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- CryptocurrenciesThe asset classes Hull Moving Average (HMA) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Average True Range (ATR)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorBollinger Bands- Volatility And Trend StrengthBollinger Bands is known for Volatility And Trend Strength.
Hull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Made In 🌍
The country or origin of the trading indicatorBollinger BandsHull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Average True Range (ATR)- 1978Average True Range (ATR) was developed in 1978. Trading indicators specifically developed in 1978
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Bollinger Bands- LaggingBollinger Bands is a Lagging indicator. Indicators that confirm trends after they have started
Hull Moving Average (HMA)Average True Range (ATR)- LaggingAverage True Range (ATR) is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorBollinger BandsHull Moving Average (HMA)Average True Range (ATR)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBollinger Bands- HighThe popularity of Bollinger Bands among traders is considered High. Widely used and trusted indicators in the trading community
Hull Moving Average (HMA)- MediumThe popularity of Hull Moving Average (HMA) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Average True Range (ATR)- MediumThe popularity of Average True Range (ATR) 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 indicatorBollinger Bands- Named after John Bollinger
Hull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Average True Range (ATR)- Part of Welles Wilder's indicators
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorBollinger Bands- It's like a financial corset - squeezing the price until it pops out
Hull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Bollinger Bands- 15-MinuteBollinger Bands is most effective for 15-Minute timeframes. Indicators suited for analyzing market data on a 15-minute timeframe
- 1-HourBollinger Bands is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- DailyBollinger Bands is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
Hull Moving Average (HMA)- AnyHull Moving Average (HMA) is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Average True Range (ATR)- DailyAverage True Range (ATR) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyAverage True Range (ATR) 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.Bollinger BandsHull Moving Average (HMA)Average True Range (ATR)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsBollinger Bands- BreakoutsBollinger Bands generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
- ThresholdsBollinger Bands generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Hull Moving Average (HMA)- CrossoversHull Moving Average (HMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- BreakoutsHull Moving Average (HMA) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Average True Range (ATR)- ThresholdsAverage True Range (ATR) 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 indicatorFor all*Bollinger Bands
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorBollinger BandsHull Moving Average (HMA)Average True Range (ATR)Purpose 📈
The primary purpose or application of the trading indicatorBollinger BandsHull Moving Average (HMA)Average True Range (ATR)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorBollinger Bands- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels
- Useful For Multiple Strategies
Hull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Cons 👎
Disadvantages or limitations of the trading indicatorBollinger Bands- Can Be Less Effective In Trending Markets
Hull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. Click to see all.
Average True Range (ATR)
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isBollinger BandsHull Moving Average (HMA)Average True Range (ATR)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesBollinger BandsHull Moving Average (HMA)Average True Range (ATR)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorBollinger Bands- 8The customization score for Bollinger Bands is 8 out of 10.
Hull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsBollinger BandsHull Moving Average (HMA)Average True Range (ATR)
Alternatives to Bollinger Bands
Donchian Channels
Known for Simplicity And Effectiveness
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is easier to use than Bollinger Bands
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is easier to use than Bollinger Bands
Simple Moving Average (SMA)
Known for Smooth Price Movements
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is easier to use than Bollinger Bands
Stochastic Oscillator
Known for Momentum And Trend Reversal
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is easier to use than Bollinger Bands