Compact mode
Chaikin Volatility vs Triple Exponential Average (TRIX) vs Price Channel
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Chaikin VolatilityTriple Exponential Average (TRIX)Price Channel- TrendPrice Channel 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*Chaikin Volatility- OptionsThe asset classes Chaikin Volatility is typically used for are Options. Indicators tailored for options trading, considering factors like volatility and time decay. Click to see all.
- FuturesThe asset classes Chaikin Volatility is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
Triple Exponential Average (TRIX)Price Channel- FuturesThe asset classes Price Channel is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
- CommoditiesThe asset classes Price Channel is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Known for 💭
The unique selling point or distinguishing feature of the trading indicatorChaikin Volatility- Trend Strength ConfirmationChaikin Volatility is known for Trend Strength Confirmation.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
Price Channel- Range-Bound TradingPrice Channel is known for Range-Bound Trading.
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.Chaikin Volatility- LaggingChaikin Volatility is a Lagging indicator. Indicators that confirm trends after they have started
Triple Exponential Average (TRIX)Price Channel- LaggingPrice Channel is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorChaikin VolatilityTriple Exponential Average (TRIX)Price ChannelPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorChaikin Volatility- Developed by Marc Chaikin to complement his other indicators
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
Price Channel- Originally popularized by Richard Donchian in the 1950s
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorChaikin Volatility- Sometimes called the "options trader's crystal ball"
Triple Exponential Average (TRIX)- It's like a smoothie blender for price data
Price Channel- Sometimes called the "rich man's Bollinger Bands" due to its simplicity
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.Chaikin VolatilityTriple Exponential Average (TRIX)Price ChannelSignal Generation 📊
Describes the methods by which the indicator produces trading signalsChaikin Volatility- BreakoutsChaikin Volatility generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Triple Exponential Average (TRIX)- CrossoversTriple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesTriple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Price Channel- BreakoutsPrice Channel generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Chaikin VolatilityTriple Exponential Average (TRIX)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorChaikin VolatilityTriple Exponential Average (TRIX)Price ChannelPurpose 📈
The primary purpose or application of the trading indicatorChaikin VolatilityTriple Exponential Average (TRIX)Price Channel- Trend Strength AssessmentPrice Channel is primarily used for Trend Strength Assessment.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorChaikin Volatility- Helps Identify Potential Breakouts
- Useful For Options PricingIndicators that aid in determining fair value and volatility for options trading
Triple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends
Price Channel- Easy To Interpret VisuallyIndicators with clear visual representations for quick market analysis
- Useful For Identifying Breakouts
Cons 👎
Disadvantages or limitations of the trading indicatorChaikin Volatility- Can Be Late In Signaling Volatility Changes
- May Produce False Signals In Ranging Markets
Triple Exponential Average (TRIX)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Potential Lag In Signals
Price Channel- Can Be Slow To React To Trend Changes
- May Generate False Signals In Choppy Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorChaikin VolatilityTriple Exponential Average (TRIX)Price ChannelEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isChaikin VolatilityTriple Exponential Average (TRIX)Price ChannelVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesChaikin VolatilityTriple Exponential Average (TRIX)Price ChannelCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorChaikin Volatility- 7.5The customization score for Chaikin Volatility is 7.5 out of 10.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Price Channel- 5.5The customization score for Price Channel is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsChaikin VolatilityTriple Exponential Average (TRIX)Price Channel
Alternatives to Chaikin Volatility
Donchian Channels
Known for Simplicity And Effectiveness
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is more reliable than Chaikin Volatility
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is easier to use than Chaikin Volatility
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Volume Oscillator
Known for Volume Divergence
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is rated higher overall than Chaikin Volatility
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
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is more reliable than Chaikin Volatility
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is more versatile than Chaikin Volatility
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is rated higher overall than Chaikin Volatility
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Chaikin Volatility
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is rated higher overall than Chaikin Volatility
Keltner Channels
Known for Combining Moving Averages With Volatility
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is more reliable than Chaikin Volatility
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is easier to use than Chaikin Volatility
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is more customizable than Chaikin Volatility
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is rated higher overall than Chaikin Volatility
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Chaikin Volatility
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is more versatile than Chaikin Volatility
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is more customizable than Chaikin Volatility
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is rated higher overall than Chaikin Volatility
Directional Movement Index (DMI)
Known for Strength Of Price Movement
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is more reliable than Chaikin Volatility
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is easier to use than Chaikin Volatility
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is rated higher overall than Chaikin Volatility
Linear Regression Indicator
Known for Predicting Price Trends
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is more reliable than Chaikin Volatility
Moving Average Envelope
Known for Price Range Visualization
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is more reliable than Chaikin Volatility
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is easier to use than Chaikin Volatility
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is rated higher overall than Chaikin Volatility
Bollinger Bands
Known for Volatility And Trend Strength
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is more reliable than Chaikin Volatility
💻
is easier to use than Chaikin Volatility
🔀
is more versatile than Chaikin Volatility
🔧
is more customizable than Chaikin Volatility
⭐
is rated higher overall than Chaikin Volatility