Compact mode
Commodity Channel Index (CCI) vs Chande Momentum Oscillator (CMO) vs McGinley Dynamic Indicator
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)McGinley Dynamic Indicator- TrendMcGinley Dynamic Indicator 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 usedFor all*Commodity Channel Index (CCI)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.
McGinley Dynamic IndicatorKnown 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.
McGinley Dynamic Indicator- Improving On Traditional Moving AveragesMcGinley Dynamic Indicator is known for Improving On Traditional Moving Averages.
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)McGinley Dynamic Indicator
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Commodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic Indicator- LaggingMcGinley Dynamic Indicator is a Lagging indicator. Indicators that confirm trends after they have started
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
McGinley Dynamic Indicator- LowThe popularity of McGinley Dynamic Indicator 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
McGinley Dynamic Indicator- Developed by John R. McGinley to address the lag in traditional moving averages
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
McGinley Dynamic Indicator- So smooth it might make other indicators jealous
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.Commodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic IndicatorSignal 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
McGinley Dynamic Indicator- CrossoversMcGinley Dynamic Indicator 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*Commodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic Indicator- Technical AnalystsMcGinley Dynamic Indicator is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend FollowersMcGinley Dynamic Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic Indicator- Trend IdentificationMcGinley Dynamic Indicator is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Support/ResistanceMcGinley Dynamic Indicator is primarily used for Support/Resistance. Indicators that highlight price levels where trends may stall or reverse Click to see all.
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
McGinley Dynamic Indicator- Adapts Quickly To Price Changes
- Reduces Whipsaws In Trending MarketsMinimizes false signals during strong trends, improving trend-following strategies
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.
McGinley Dynamic Indicator
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCommodity Channel Index (CCI)Chande Momentum Oscillator (CMO)McGinley Dynamic IndicatorCustomization 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.
McGinley Dynamic Indicator- 6.5The customization score for McGinley Dynamic Indicator 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)McGinley Dynamic Indicator
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)
⭐
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)