Compact mode
Commodity Channel Index (CCI) vs Ultimate Oscillator 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.For all*Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Commodity Channel Index (CCI)Ultimate OscillatorRelative Vigor Index (RVI)Known 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.
Ultimate Oscillator- Multi-Timeframe AnalysisUltimate Oscillator is known for Multi-Timeframe Analysis.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
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
Ultimate Oscillator- United StatesUltimate Oscillator 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 communityCommodity Channel Index (CCI)- MediumThe popularity of Commodity Channel Index (CCI) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Ultimate Oscillator- MediumThe popularity of Ultimate Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Relative Vigor Index (RVI)- LowThe popularity of Relative Vigor Index (RVI) 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
Ultimate Oscillator- Created by Larry Williams in 1976
Relative Vigor Index (RVI)- Developed by John Ehlers
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
Ultimate Oscillator- It's like a three-course meal of technical analysis
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.
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.
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 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
Ultimate Oscillator- ThresholdsUltimate Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesUltimate Oscillator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
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
- DivergencesRelative Vigor Index (RVI) 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)Ultimate OscillatorRelative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorCommodity Channel Index (CCI)Ultimate OscillatorRelative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorCommodity Channel Index (CCI)Ultimate Oscillator- Reducing False DivergencesUltimate Oscillator is primarily used for Reducing False Divergences.
Relative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorCommodity Channel Index (CCI)- Effective For Overbought/Oversold Conditions
- Useful For Multiple Asset Classes
Ultimate Oscillator- Combines Short Medium And Long-Term IndicatorsIndicators analyzing short, medium, and long-term market trends simultaneously
- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
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 indicatorCommodity Channel Index (CCI)- Can Produce False Signals In Non-Trending Markets
Ultimate Oscillator- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Requires Context For Interpretation
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorCommodity Channel Index (CCI)Ultimate OscillatorRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isCommodity Channel Index (CCI)Ultimate OscillatorRelative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesCommodity Channel Index (CCI)Ultimate OscillatorRelative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsCommodity Channel Index (CCI)Ultimate OscillatorRelative Vigor Index (RVI)
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)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more reliable 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)
Volume Oscillator
Known for Volume Divergence
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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)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable 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)
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Commodity Channel Index (CCI)