Compact mode
Commodity Channel Index (CCI) vs Chande Momentum Oscillator (CMO) vs Force Index
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Commodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force Index- VolumeForce Index 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 usedCommodity Channel Index (CCI)- CommoditiesThe asset classes Commodity Channel Index (CCI) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- ForexThe asset classes Commodity Channel Index (CCI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Chande Momentum Oscillator (CMO)- StocksThe asset classes Chande Momentum Oscillator (CMO) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- 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.
Force IndexKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorCommodity Channel Index (CCI)- Identifying Cyclical TrendsCommodity Channel Index (CCI) is known for Identifying Cyclical Trends.
Chande 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.
Made In 🌍
The country or origin of the trading indicatorCommodity Channel Index (CCI)- 1980Commodity Channel Index (CCI) was developed in 1980. Trading indicators created at the start of a new decade
Chande Momentum Oscillator (CMO)Force Index- United StatesForce Index 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*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 communityCommodity Channel Index (CCI)- MediumThe popularity of Commodity Channel Index (CCI) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Chande Momentum Oscillator (CMO)- LowThe popularity of Chande Momentum Oscillator (CMO) among traders is considered Low. Indicators with lower adoption but potential unique insights
Force Index- LowThe popularity of Force Index 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 indicatorCommodity Channel Index (CCI)- Originally developed for commodities
Chande Momentum Oscillator (CMO)- Developed by Tushar Chande in 1994
Force Index- Developed by Dr. Alexander Elder
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorCommodity Channel Index (CCI)- It's like a mood ring for the market - changes color frequently
Chande Momentum Oscillator (CMO)- It's the yoga of momentum indicators - flexible but disciplined
Force Index- It's like measuring the market's muscle power
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.
Commodity Channel Index (CCI)- WeeklyCommodity Channel Index (CCI) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
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.
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 signalsCommodity Channel Index (CCI)- ThresholdsCommodity Channel Index (CCI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- BreakoutsCommodity Channel Index (CCI) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
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
Force Index- DivergencesForce Index 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 indicatorFor all*Commodity Channel Index (CCI)Chande Momentum Oscillator (CMO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force IndexPurpose 📈
The primary purpose or application of the trading indicatorCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force Index
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorCommodity Channel Index (CCI)- Effective For Overbought/Oversold Conditions
- Useful For Multiple Asset Classes
Chande 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
Cons 👎
Disadvantages or limitations of the trading indicatorCommodity Channel Index (CCI)- Can Produce False Signals In Non-Trending Markets
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.
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
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force IndexCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorCommodity Channel Index (CCI)- 7The customization score for Commodity Channel Index (CCI) is 7 out of 10.
Chande 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.
Score ⭐
The overall score of the trading indicator based on various performance metricsCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)Force Index
Alternatives to Commodity Channel Index (CCI)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Commodity Channel Index (CCI)
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is more customizable than Commodity Channel Index (CCI)
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is rated higher overall than Commodity Channel Index (CCI)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
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is more versatile than Commodity Channel Index (CCI)
Money Flow Index (MFI)
Known for Volume And Price Movements
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is more reliable than Commodity Channel Index (CCI)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is more versatile than Commodity Channel Index (CCI)
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is more customizable than Commodity Channel Index (CCI)
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is rated higher overall than Commodity Channel Index (CCI)
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Commodity Channel Index (CCI)
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is more versatile than Commodity Channel Index (CCI)
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is more customizable than Commodity Channel Index (CCI)
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is rated higher overall than Commodity Channel Index (CCI)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable than Commodity Channel Index (CCI)
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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is more reliable than Commodity Channel Index (CCI)
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is rated higher overall than Commodity Channel Index (CCI)
Volume Oscillator
Known for Volume Divergence
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is more reliable than Commodity Channel Index (CCI)
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Commodity Channel Index (CCI)