Compact mode

McClellan Oscillator vs Commitment Of Traders (COT) vs Detrended Price Oscillator (DPO)

Table of content

General Information Comparison
Characteristics Comparison
Facts Comparison

Application Comparison
Technical Details Comparison
Usage Comparison
Evaluation Comparison
Performance Metrics Comparison

General Information Comparison

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

McClellan Oscillator

Breadth

McClellan Oscillator is a Breadth type indicator. Measures market participation and overall market health, useful for assessing trend strength Click to see all.

Commitment of Traders (COT)

Sentiment

Commitment of Traders (COT) is a Sentiment type indicator. Indicators that measure market sentiment and trader emotions

Detrended Price Oscillator (DPO)

Trend

Detrended Price Oscillator (DPO) 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 used

McClellan Oscillator

Stocks

The asset classes McClellan Oscillator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Commitment of Traders (COT)

Futures

The asset classes Commitment of Traders (COT) is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.

Commodities

The asset classes Commitment of Traders (COT) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Detrended Price Oscillator (DPO)

Stocks

The asset classes Detrended Price Oscillator (DPO) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Commodities

The asset classes Detrended Price Oscillator (DPO) 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 indicator

McClellan Oscillator

Identifying Market Trends

McClellan Oscillator is known for Identifying Market Trends.

Commitment of Traders (COT)

Insight Into Institutional Positioning

Commitment of Traders (COT) is known for Insight Into Institutional Positioning.

Detrended Price Oscillator (DPO)

Eliminating Long-Term Trends

Detrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Made In 🌍

The country or origin of the trading indicator

McClellan Oscillator

United States

McClellan Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles

Commitment of Traders (COT)

USA

Commitment of Traders (COT) was developed in USA. Trading indicators developed by American market analysts

Detrended Price Oscillator (DPO)

United States

Detrended Price Oscillator (DPO) 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.

For all*

Leading

Indicators that predict future price movements
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

For all*

Advanced

Sophisticated indicators designed for traders with extensive market knowledge and experience.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

McClellan Oscillator

Medium

The popularity of McClellan Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Commitment of Traders (COT)

Medium

The popularity of Commitment of Traders (COT) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Detrended Price Oscillator (DPO)

Low

The popularity of Detrended Price Oscillator (DPO) 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 indicator

McClellan Oscillator

Created by Sherman and Marian McClellan in 1969

Commitment of Traders (COT)

Mandated by the Commodity Exchange Act in 1962

Detrended Price Oscillator (DPO)

Designed to eliminate trend from price
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

McClellan Oscillator

It's like taking the market's temperature with a fancy thermometer

Commitment of Traders (COT)

It's like peeking at the big players' cards - if only they weren't playing poker face!

Detrended Price Oscillator (DPO)

It's like a time machine for price trends

Application Comparison

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

McClellan Oscillator

Daily

McClellan Oscillator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Commitment of Traders (COT)

Weekly

Commitment of Traders (COT) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Detrended Price Oscillator (DPO)

Daily

Detrended Price Oscillator (DPO) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Weekly

Detrended Price Oscillator (DPO) 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.

McClellan Oscillator

Statistical

McClellan Oscillator uses the Statistical calculation method. Indicators using statistical methods for market analysis and prediction. Click to see all.

Commitment of Traders (COT)

Statistical

Commitment of Traders (COT) uses the Statistical calculation method. Indicators using statistical methods for market analysis and prediction. Click to see all.

Detrended Price Oscillator (DPO)

Price-Based

Detrended Price Oscillator (DPO) uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

McClellan Oscillator

Crossovers

McClellan Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Thresholds

McClellan Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met

Commitment of Traders (COT)

Position Changes

Commitment of Traders (COT) generates trading signals through Position Changes. Indicators that signal when to alter trading positions based on market conditions

Extremes

Commitment of Traders (COT) generates trading signals through Extremes. Indicators that identify overbought or oversold conditions in the market

Detrended Price Oscillator (DPO)

Cycles

Detrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements

Divergences

Detrended Price Oscillator (DPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

McClellan Oscillator

Smoothing

McClellan Oscillator offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.

Commitment of Traders (COT)

Report Categories

Commitment of Traders (COT) offers customization options for Report Categories. Enables customization of analysis report types or sections Click to see all.

Time Periods

Commitment of Traders (COT) offers customization options for Time Periods. Customizable multiple time periods for analysis Click to see all.

Detrended Price Oscillator (DPO)

Period

Detrended Price Oscillator (DPO) offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Cycle Length

Detrended Price Oscillator (DPO) offers customization options for Cycle Length. Allows traders to customize the time frame for pattern recognition Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

McClellan Oscillator

Market Analysts

McClellan Oscillator is designed for Market Analysts. Provides comprehensive market insights, useful for in-depth analysis and forecasting Click to see all.

Commitment of Traders (COT)

Institutional Traders

Commitment of Traders (COT) is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.

Commodity Analysts

Commitment of Traders (COT) is designed for Commodity Analysts. Specialized tools for analyzing trends and patterns in commodity markets Click to see all.

Detrended Price Oscillator (DPO)

Cycle Analysts

Detrended Price Oscillator (DPO) is designed for Cycle Analysts. Tools that help identify and predict market cycles and patterns Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

McClellan Oscillator

Market Breadth Analysis

McClellan Oscillator is primarily used for Market Breadth Analysis. Indicators that measure overall market participation and health Click to see all.

Commitment of Traders (COT)

Market Sentiment Analysis

Commitment of Traders (COT) is primarily used for Market Sentiment Analysis. Indicators that gauge overall market mood and psychology Click to see all.

Long-Term Trend Prediction

Commitment of Traders (COT) is primarily used for Long-Term Trend Prediction. Indicators that excel at forecasting extended market movements Click to see all.

Detrended Price Oscillator (DPO)

Identifying Cycles And Trends

Detrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

McClellan Oscillator

Effective For Overall Market Analysis

Indicators providing broad insights into overall market conditions

Good For Timing Entries/Exits

Commitment of Traders (COT)

Provides Insight Into Big Players' Positions

Helps track large-scale market participants' activities, aiding in strategy alignment

Useful For Long-Term Analysis

Indicators suited for analyzing extended time periods and identifying major trends

Free Data From CFTC

Indicators utilizing freely available data from the Commodity Futures Trading Commission

Detrended Price Oscillator (DPO)

Helps Identify Cycles

Removes Long-Term Trend Bias
Cons 👎

Disadvantages or limitations of the trading indicator

McClellan Oscillator

Specific To Stock Markets

Indicates that some indicators are designed primarily for stock market analysis. Click to see all.

Complex Calculation

Indicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.

Commitment of Traders (COT)

Weekly Reporting Lag

Complex Interpretation

Limited To Futures Markets

Detrended Price Oscillator (DPO)

Complex Interpretation

Limited Use In Strong Trends