Compact mode
Directional Movement Index (DMI) vs Volume Oscillator vs Parabolic SAR
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Directional Movement Index (DMI)- TrendDirectional Movement Index (DMI) is a Trend type indicator. Indicators that help identify and confirm market trends
Volume Oscillator- VolumeVolume Oscillator is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Parabolic SAR- TrendParabolic SAR 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*Directional Movement Index (DMI)- StocksThe asset classes Directional Movement Index (DMI) 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 Directional Movement Index (DMI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Volume Oscillator- StocksThe asset classes Volume Oscillator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- FuturesThe asset classes Volume Oscillator is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
Parabolic SARKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorDirectional Movement Index (DMI)- Strength Of Price MovementDirectional Movement Index (DMI) is known for Strength Of Price Movement.
Volume Oscillator- Volume DivergenceVolume Oscillator is known for Volume Divergence.
Parabolic SAR- Trend Reversal And Exit PointsParabolic SAR is known for Trend Reversal And Exit Points.
Made In 🌍
The country or origin of the trading indicatorDirectional Movement Index (DMI)- United StatesDirectional Movement Index (DMI) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Volume Oscillator- United StatesVolume Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Parabolic SAR- 1978Parabolic SAR was developed in 1978. Trading indicators specifically developed in 1978
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Directional Movement Index (DMI)- LaggingDirectional Movement Index (DMI) is a Lagging indicator. Indicators that confirm trends after they have started
Volume OscillatorParabolic SAR- LaggingParabolic SAR 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 communityDirectional Movement Index (DMI)- HighThe popularity of Directional Movement Index (DMI) among traders is considered High. Widely used and trusted indicators in the trading community
Volume Oscillator- MediumThe popularity of Volume Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Parabolic SAR- MediumThe popularity of Parabolic SAR among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorDirectional Movement Index (DMI)- Developed by J. Welles Wilder Jr. who also created RSI
Volume Oscillator- Combines elements of Moving Average Convergence Divergence (MACD) with volume
Parabolic SAR- SAR stands for "Stop And Reverse"
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorDirectional Movement Index (DMI)- Sometimes called the 'trend trader's best friend' despite its complexity
Volume Oscillator- Often called the "heartbeat monitor" of the market
Parabolic SAR- It's like a clingy ex - always trying to catch up with the price
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.
Volume Oscillator- WeeklyVolume Oscillator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Parabolic SAR- 1-HourParabolic SAR is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourParabolic SAR is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Directional Movement Index (DMI)Volume OscillatorParabolic SARSignal Generation 📊
Describes the methods by which the indicator produces trading signalsDirectional Movement Index (DMI)- CrossoversDirectional Movement Index (DMI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- ThresholdsDirectional Movement Index (DMI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Volume Oscillator- CrossoversVolume Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Parabolic SAR- BreakoutsParabolic SAR generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorDirectional Movement Index (DMI)- PeriodDirectional Movement Index (DMI) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- SmoothingDirectional Movement Index (DMI) offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.
Volume Oscillator- PeriodVolume Oscillator offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- SmoothingVolume Oscillator offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.
Parabolic SAR
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorDirectional Movement Index (DMI)Volume OscillatorParabolic SARPurpose 📈
The primary purpose or application of the trading indicatorDirectional Movement Index (DMI)Volume Oscillator- Volume Trend IdentificationVolume Oscillator is primarily used for Volume Trend Identification.
Parabolic SAR
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorDirectional Movement Index (DMI)- Combines Multiple IndicatorsIndicators that integrate multiple data points for comprehensive analysis
- Measures Both Trend Direction And Strength
Volume Oscillator- Helps Confirm Price Movements With VolumeIndicators that validate price changes by analyzing trading volume
- Useful For Spotting Fake Breakouts
Parabolic SAR- Provides Clear Entry/Exit SignalsOffers precise timing for opening and closing trades, enhancing trade management
- Works Well In Trending MarketsIndicators that excel at identifying and confirming strong market trends
Cons 👎
Disadvantages or limitations of the trading indicatorDirectional Movement Index (DMI)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Requires Understanding Of Multiple ComponentsIndicates that some indicators involve several elements that need to be understood for effective use. Click to see all.
Volume Oscillator- Can Be Less Effective In Low-Volume Markets
- Requires Understanding Of Volume AnalysisDescribes indicators that need knowledge of volume interpretation for effective use. Click to see all.
Parabolic SAR- Prone To Whipsaws In Ranging Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorDirectional Movement Index (DMI)Volume OscillatorParabolic SAREase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isFor all*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesDirectional Movement Index (DMI)Volume OscillatorParabolic SARCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorDirectional Movement Index (DMI)- 7.5The customization score for Directional Movement Index (DMI) is 7.5 out of 10.
Volume Oscillator- 7The customization score for Volume Oscillator is 7 out of 10.
Parabolic SAR- 6The customization score for Parabolic SAR is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsDirectional Movement Index (DMI)Volume OscillatorParabolic SAR
Alternatives to Directional Movement Index (DMI)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
💻
is easier to use than Directional Movement Index (DMI)
🔀
is more versatile than Directional Movement Index (DMI)
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
💻
is easier to use than Directional Movement Index (DMI)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻
is easier to use than Directional Movement Index (DMI)
⭐
is rated higher overall than Directional Movement Index (DMI)
Simple Moving Average (SMA)
Known for Smooth Price Movements
💻
is easier to use than Directional Movement Index (DMI)
Moving Average Envelope
Known for Price Range Visualization
💻
is easier to use than Directional Movement Index (DMI)
Bollinger Bands
Known for Volatility And Trend Strength
💻
is easier to use than Directional Movement Index (DMI)
🔀
is more versatile than Directional Movement Index (DMI)
🔧
is more customizable than Directional Movement Index (DMI)
⭐
is rated higher overall than Directional Movement Index (DMI)
Aroon Indicator
Known for Measuring Time Between Highs And Lows
💻
is easier to use than Directional Movement Index (DMI)