Compact mode
Chande Momentum Oscillator (CMO) vs Force Index vs Relative Vigor Index (RVI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Chande Momentum Oscillator (CMO)Force Index- VolumeForce Index is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Relative Vigor Index (RVI)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Chande Momentum Oscillator (CMO)- ForexThe asset classes Chande Momentum Oscillator (CMO) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Chande Momentum Oscillator (CMO) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Relative Vigor Index (RVI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorChande Momentum Oscillator (CMO)- Momentum MeasurementChande Momentum Oscillator (CMO) is known for Momentum Measurement.
Force Index- Combining Price Changes With VolumeForce Index is known for Combining Price Changes With Volume.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorChande Momentum Oscillator (CMO)Force Index- United StatesForce Index was developed in United States. Indicators developed in the USA, reflecting American trading principles
Relative Vigor Index (RVI)- RussiaRelative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity 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 communityFor all*- LowIndicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorChande Momentum Oscillator (CMO)- Developed by Tushar Chande in 1994
Force Index- Developed by Dr. Alexander Elder
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorChande Momentum Oscillator (CMO)- It's the yoga of momentum indicators - flexible but disciplined
Force Index- It's like measuring the market's muscle power
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
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.
Chande Momentum Oscillator (CMO)- WeeklyChande Momentum Oscillator (CMO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Relative Vigor Index (RVI)- WeeklyRelative Vigor Index (RVI) 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.For all*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- DivergencesIndicators 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
Relative Vigor Index (RVI)- CrossoversRelative Vigor Index (RVI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Chande Momentum Oscillator (CMO)Relative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorChande Momentum Oscillator (CMO)Force IndexRelative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorChande Momentum Oscillator (CMO)Force IndexRelative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorChande Momentum Oscillator (CMO)- Less Prone To WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Effective In Trending Markets
Force Index- Provides Insight Into Buying/Selling PressureReveals market supply and demand dynamics, aiding in trend prediction
- Confirms Trends
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge
Cons 👎
Disadvantages or limitations of the trading indicatorChande 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.
Force Index- Can Be Volatile In Low-Volume ConditionsIndicators that remain stable and accurate in low-volume trading environments Click to see all.
- Requires Smoothing For Better Signals
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorChande Momentum Oscillator (CMO)Force IndexRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isChande Momentum Oscillator (CMO)Force IndexRelative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesChande Momentum Oscillator (CMO)Force IndexRelative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorChande Momentum Oscillator (CMO)- 7The customization score for Chande Momentum Oscillator (CMO) is 7 out of 10.
Force Index- 6.5The customization score for Force Index is 6.5 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsChande Momentum Oscillator (CMO)Force IndexRelative Vigor Index (RVI)
Alternatives to Chande Momentum Oscillator (CMO)
Money Flow Index (MFI)
Known for Volume And Price Movements
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is rated higher overall than Chande Momentum Oscillator (CMO)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
🔀
is more versatile than Chande Momentum Oscillator (CMO)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀
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)
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)
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)
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)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
💻
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)
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)
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is rated higher overall than Chande Momentum Oscillator (CMO)