Compact mode
Moving Average Convergence Divergence (MACD) vs Chande Momentum Oscillator (CMO) vs Psychological Line
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Moving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological Line- SentimentPsychological Line is a Sentiment type indicator. Indicators that measure market sentiment and trader emotions
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.
Moving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological LineKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Chande Momentum Oscillator (CMO)- Momentum MeasurementChande Momentum Oscillator (CMO) is known for Momentum Measurement.
Psychological Line- Extreme Sentiment DetectionPsychological Line is known for Extreme Sentiment Detection.
Made In 🌍
The country or origin of the trading indicatorMoving Average Convergence Divergence (MACD)- 1960SMoving Average Convergence Divergence (MACD) was developed in 1960S. Trading indicators developed during a decade of economic growth and social change
Chande Momentum Oscillator (CMO)Psychological Line- JapanPsychological Line was developed in Japan. Trading indicators developed by Japanese market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Convergence Divergence (MACD)- LaggingMoving Average Convergence Divergence (MACD) is a Lagging indicator. Indicators that confirm trends after they have started
Chande Momentum Oscillator (CMO)Psychological LineComplexity 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 communityMoving Average Convergence Divergence (MACD)- HighThe popularity of Moving Average Convergence Divergence (MACD) among traders is considered High. Widely used and trusted indicators in the trading community
Chande Momentum Oscillator (CMO)- LowThe popularity of Chande Momentum Oscillator (CMO) among traders is considered Low. Indicators with lower adoption but potential unique insights
Psychological Line- LowThe popularity of Psychological Line 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 indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Chande Momentum Oscillator (CMO)- Developed by Tushar Chande in 1994
Psychological Line- Developed by Japanese analysts and less known in Western markets
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Chande Momentum Oscillator (CMO)- It's the yoga of momentum indicators - flexible but disciplined
Psychological Line- Nicknamed the "mood ring" of the stock market
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.Moving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological LineSignal Generation 📊
Describes the methods by which the indicator produces trading signalsMoving Average Convergence Divergence (MACD)- CrossoversMoving Average Convergence Divergence (MACD) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesMoving Average Convergence Divergence (MACD) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Chande Momentum Oscillator (CMO)- ThresholdsChande Momentum Oscillator (CMO) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesChande Momentum Oscillator (CMO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Psychological Line- ThresholdsPsychological Line 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*Moving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological LinePurpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological Line
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Chande Momentum Oscillator (CMO)- Less Prone To WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Effective In Trending Markets
Psychological Line- Helps Identify Potential Market Tops And Bottoms
- Useful For Contrarian Strategies
Cons 👎
Disadvantages or limitations of the trading indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Chande Momentum Oscillator (CMO)- Can Stay In Extreme Zones For Extended PeriodsIndicators that provide timely exit signals from overbought or oversold conditions Click to see all.
- Less KnownIndicators not widely recognized, potentially offering unique insights but with limited community support. Click to see all.
Psychological Line- Can Be Less Effective In Strong Trends
- Requires Understanding Of Market Psychology
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological LineEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological LineVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological LineCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Convergence Divergence (MACD)- 7The customization score for Moving Average Convergence Divergence (MACD) is 7 out of 10.
Chande Momentum Oscillator (CMO)- 7The customization score for Chande Momentum Oscillator (CMO) is 7 out of 10.
Psychological Line- 5.5The customization score for Psychological Line is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Chande Momentum Oscillator (CMO)Psychological Line
Alternatives to Moving Average Convergence Divergence (MACD)
Money Flow Index (MFI)
Known for Volume And Price Movements
⭐
is rated higher overall than Chande Momentum Oscillator (CMO)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
🔀
is more versatile than Chande Momentum Oscillator (CMO)
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
💯
is more reliable than Chande Momentum Oscillator (CMO)
🔀
is more versatile than Chande Momentum Oscillator (CMO)
⭐
is rated higher overall than Chande Momentum Oscillator (CMO)
Know Sure Thing (KST)
Known for Trend Strength Measurement
🔀
is more versatile than Chande Momentum Oscillator (CMO)
🔧
is more customizable than Chande Momentum Oscillator (CMO)
Relative Strength Index (RSI)
Known for Momentum Measurement
💯
is more reliable than Chande Momentum Oscillator (CMO)
💻
is easier to use than Chande Momentum Oscillator (CMO)
⭐
is rated higher overall than Chande Momentum Oscillator (CMO)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀
is more versatile than Chande Momentum Oscillator (CMO)
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than Chande Momentum Oscillator (CMO)
🔧
is more customizable than Chande Momentum Oscillator (CMO)
⭐
is rated higher overall than Chande Momentum Oscillator (CMO)
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
💻
is easier to use than Chande Momentum Oscillator (CMO)
🔀
is more versatile than Chande Momentum Oscillator (CMO)
⭐
is rated higher overall than Chande Momentum Oscillator (CMO)