Compact mode
Directional Movement Index (DMI) vs Hull Moving Average (HMA) vs Volume Weighted Average Price (VWAP)
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
Hull Moving Average (HMA)- TrendHull Moving Average (HMA) is a Trend type indicator. Indicators that help identify and confirm market trends
Volume Weighted Average Price (VWAP)- VolumeVolume Weighted Average Price (VWAP) 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 usedFor all*Directional Movement Index (DMI)- 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.
- CommoditiesThe asset classes Directional Movement Index (DMI) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Hull Moving Average (HMA)- ForexThe asset classes Hull Moving Average (HMA) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Hull Moving Average (HMA) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- CryptocurrenciesThe asset classes Hull Moving Average (HMA) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Volume Weighted Average Price (VWAP)Known 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.
Hull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Volume Weighted Average Price (VWAP)- Incorporating Volume Into Price AnalysisVolume Weighted Average Price (VWAP) is known for Incorporating Volume Into Price Analysis.
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
Hull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Volume Weighted Average Price (VWAP)- United StatesVolume Weighted Average Price (VWAP) 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.Directional Movement Index (DMI)- LaggingDirectional Movement Index (DMI) is a Lagging indicator. Indicators that confirm trends after they have started
Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)- LaggingVolume Weighted Average Price (VWAP) 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
Hull Moving Average (HMA)- MediumThe popularity of Hull Moving Average (HMA) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Volume Weighted Average Price (VWAP)- HighThe popularity of Volume Weighted Average Price (VWAP) among traders is considered High. Widely used and trusted indicators in the trading community
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
Hull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Volume Weighted Average Price (VWAP)- Often used by high-frequency traders
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
Hull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Volume Weighted Average Price (VWAP)- VWAP is like a popularity contest for stock prices
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Directional Movement Index (DMI)- DailyDirectional Movement Index (DMI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
Hull Moving Average (HMA)- AnyHull Moving Average (HMA) is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Volume Weighted Average Price (VWAP)- IntradayVolume Weighted Average Price (VWAP) is most effective for Intraday timeframes. Indicators designed for short-term, within-day trading analysis and quick decision-making.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Directional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)Signal 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
Hull Moving Average (HMA)- CrossoversHull Moving Average (HMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- BreakoutsHull Moving Average (HMA) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Volume Weighted Average Price (VWAP)- ThresholdsVolume Weighted Average Price (VWAP) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Directional Movement Index (DMI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorDirectional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)Purpose 📈
The primary purpose or application of the trading indicatorDirectional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)
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
Hull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
Volume Weighted Average Price (VWAP)- Helps Identify Fair Value
- Useful For Algorithmic Trading
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.
Hull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. Click to see all.
Volume Weighted Average Price (VWAP)- Limited To Intraday Use
- Requires Live Data Feed
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorDirectional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isDirectional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesDirectional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)Customization 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.
Hull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Volume Weighted Average Price (VWAP)- 6The customization score for Volume Weighted Average Price (VWAP) is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsDirectional Movement Index (DMI)Hull Moving Average (HMA)Volume Weighted Average Price (VWAP)
Alternatives to Directional Movement Index (DMI)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is easier to use than Directional Movement Index (DMI)
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is more versatile than Directional Movement Index (DMI)
Simple Moving Average (SMA)
Known for Smooth Price Movements
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is easier to use than Directional Movement Index (DMI)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is easier to use than Directional Movement Index (DMI)
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is rated higher overall 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
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is easier to use than Directional Movement Index (DMI)
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is more versatile than Directional Movement Index (DMI)
🔧
is more customizable than Directional Movement Index (DMI)
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is rated higher overall than Directional Movement Index (DMI)
Aroon Indicator
Known for Measuring Time Between Highs And Lows
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is easier to use than Directional Movement Index (DMI)