Compact mode
Chande Momentum Oscillator (CMO) vs Volume Weighted Moving Average (VWMA) vs Balance Of Power (BOP)
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)Volume Weighted Moving Average (VWMA)- VolumeVolume Weighted Moving Average (VWMA) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Balance of Power (BOP)- VolumeBalance of Power (BOP) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
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.
Chande Momentum Oscillator (CMO)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.
Volume Weighted Moving Average (VWMA)- Incorporating Volume Into Moving AveragesVolume Weighted Moving Average (VWMA) is known for Incorporating Volume Into Moving Averages.
Balance of Power (BOP)- Measuring Market SentimentBalance of Power (BOP) is known for Measuring Market Sentiment.
Made In 🌍
The country or origin of the trading indicatorChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)Balance of Power (BOP)- United StatesBalance of Power (BOP) was developed in United States. Indicators 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.Chande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)- LaggingVolume Weighted Moving Average (VWMA) is a Lagging indicator. Indicators that confirm trends after they have started
Balance of Power (BOP)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 communityChande Momentum Oscillator (CMO)- LowThe popularity of Chande Momentum Oscillator (CMO) among traders is considered Low. Indicators with lower adoption but potential unique insights
Volume Weighted Moving Average (VWMA)- MediumThe popularity of Volume Weighted Moving Average (VWMA) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Balance of Power (BOP)- LowThe popularity of Balance of Power (BOP) 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 indicatorChande Momentum Oscillator (CMO)- Developed by Tushar Chande in 1994
Volume Weighted Moving Average (VWMA)- Popular among algorithmic and high-frequency traders
Balance of Power (BOP)- Calculates the strength of buying and selling pressure
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorChande Momentum Oscillator (CMO)- It's the yoga of momentum indicators - flexible but disciplined
Volume Weighted Moving Average (VWMA)- So weighted it might sink your chart
Balance of Power (BOP)- It's like a tug-of-war meter for bulls and bears
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.
Volume Weighted Moving Average (VWMA)- IntradayVolume Weighted Moving Average (VWMA) is most effective for Intraday timeframes. Indicators designed for short-term, within-day trading analysis and quick decision-making.
Balance of Power (BOP)- IntradayBalance of Power (BOP) is most effective for Intraday timeframes. Indicators designed for short-term, within-day trading analysis and quick decision-making.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Chande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)- Moving AveragesVolume Weighted Moving Average (VWMA) uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- VolumeVolume Weighted Moving Average (VWMA) uses the Volume calculation method. Indicators using trading volume data to analyze market trends and momentum. Click to see all.
Balance of Power (BOP)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsChande 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
Volume Weighted Moving Average (VWMA)- CrossoversVolume Weighted Moving Average (VWMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Balance of Power (BOP)- ThresholdsBalance of Power (BOP) 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 indicatorChande Momentum Oscillator (CMO)- PeriodChande Momentum Oscillator (CMO) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Overbought/Oversold LevelsChande Momentum Oscillator (CMO) offers customization options for Overbought/Oversold Levels. Allows customization of extreme market condition levels Click to see all.
Volume Weighted Moving Average (VWMA)- PeriodVolume Weighted Moving Average (VWMA) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Volume WeightingVolume Weighted Moving Average (VWMA) offers customization options for Volume Weighting. Adjustable volume weighting for price analysis Click to see all.
Balance of Power (BOP)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)- Day TradersVolume Weighted Moving Average (VWMA) is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Institutional TradersVolume Weighted Moving Average (VWMA) is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
Balance of Power (BOP)Purpose 📈
The primary purpose or application of the trading indicatorChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)- Support/ResistanceVolume Weighted Moving Average (VWMA) is primarily used for Support/Resistance. Indicators that highlight price levels where trends may stall or reverse Click to see all.
- Trend ConfirmationVolume Weighted Moving Average (VWMA) is primarily used for Trend Confirmation. Indicators that validate the strength and direction of price movements Click to see all.
Balance of Power (BOP)
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
Volume Weighted Moving Average (VWMA)- Adds Volume Context To Price Movements
- Less Susceptible To Price Spikes
Balance of Power (BOP)- No Need For Volume DataUseful for markets or assets where volume data is unavailable or unreliable
- Helps Identify Potential Reversals
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.
Volume Weighted Moving Average (VWMA)- Can Be Less Effective In Low-Volume Markets
- More Complex Than Simple Moving AveragesDescribes indicators that involve more intricate calculations than basic moving averages. Click to see all.
Balance of Power (BOP)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)Balance of Power (BOP)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)Balance of Power (BOP)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)Balance of Power (BOP)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.
Volume Weighted Moving Average (VWMA)- 6.5The customization score for Volume Weighted Moving Average (VWMA) is 6.5 out of 10.
Balance of Power (BOP)- 6.5The customization score for Balance of Power (BOP) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsChande Momentum Oscillator (CMO)Volume Weighted Moving Average (VWMA)Balance of Power (BOP)
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
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is more versatile than Chande Momentum Oscillator (CMO)
Know Sure Thing (KST)
Known for Trend Strength Measurement
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is more versatile than Chande Momentum Oscillator (CMO)
🔧
is more customizable 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)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more versatile 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)
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is rated higher overall than Chande Momentum Oscillator (CMO)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more versatile than Chande Momentum Oscillator (CMO)
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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
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is easier to use than Chande Momentum Oscillator (CMO)
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is more versatile than Chande Momentum Oscillator (CMO)
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is rated higher overall than Chande Momentum Oscillator (CMO)
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
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is easier to use than Chande Momentum Oscillator (CMO)
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is more versatile than Chande Momentum Oscillator (CMO)
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is rated higher overall than Chande Momentum Oscillator (CMO)