Compact mode
Momentum Indicator vs Guppy Multiple Moving Average vs Supertrend 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.Momentum IndicatorGuppy Multiple Moving Average- TrendGuppy Multiple Moving Average is a Trend type indicator. Indicators that help identify and confirm market trends
Supertrend Indicator- TrendSupertrend 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*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Momentum IndicatorSupertrend IndicatorKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorMomentum Indicator- Price VelocityMomentum Indicator is known for Price Velocity.
Guppy Multiple Moving Average- Visualizing Short-Term And Long-Term TrendsGuppy Multiple Moving Average is known for Visualizing Short-Term And Long-Term Trends.
Supertrend Indicator- Simplifying Trend FollowingSupertrend Indicator is known for Simplifying Trend Following.
Made In 🌍
The country or origin of the trading indicatorMomentum Indicator- United StatesMomentum Indicator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Guppy Multiple Moving AverageSupertrend Indicator- 2000SSupertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Momentum IndicatorGuppy Multiple Moving Average- LaggingGuppy Multiple Moving Average is a Lagging indicator. Indicators that confirm trends after they have started
Supertrend IndicatorComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorMomentum IndicatorGuppy Multiple Moving AverageSupertrend IndicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityMomentum Indicator- MediumThe popularity of Momentum Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Guppy Multiple Moving Average- MediumThe popularity of Guppy Multiple Moving Average among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Supertrend Indicator- HighThe popularity of Supertrend Indicator 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 indicatorMomentum Indicator- Often confused with the Rate of Change (ROC) indicator
Guppy Multiple Moving Average- Developed by Australian trader Daryl Guppy
Supertrend Indicator- Popular among algorithmic traders for its simplicity
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMomentum Indicator- Jokingly referred to as the "lazy trader's best friend" due to its simplicity
Guppy Multiple Moving Average- Sometimes looks like a colorful spaghetti mess on the chart
Supertrend Indicator- So super it might need a cape and tights
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.Momentum IndicatorGuppy Multiple Moving AverageSupertrend IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Momentum Indicator- DivergencesMomentum Indicator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Guppy Multiple Moving Average- DivergencesGuppy Multiple Moving Average 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*Guppy Multiple Moving AverageSupertrend Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMomentum IndicatorGuppy Multiple Moving Average- Technical AnalystsGuppy Multiple Moving Average is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend FollowersGuppy Multiple Moving Average is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Supertrend Indicator- Trend FollowersSupertrend Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
- Day TradersSupertrend Indicator is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorMomentum IndicatorGuppy Multiple Moving Average- Trend StrengthGuppy Multiple Moving Average is primarily used for Trend Strength. Tools that assess the power and momentum behind a market trend Click to see all.
- Trend ReversalGuppy Multiple Moving Average is primarily used for Trend Reversal. Indicators that signal potential changes in the current market trend direction Click to see all.
Supertrend Indicator- Trend DirectionSupertrend Indicator is primarily used for Trend Direction. Indicators that help determine the overall direction of price movement in a market Click to see all.
- Stop Loss PlacementSupertrend Indicator is primarily used for Stop Loss Placement. Indicators that help determine optimal stop loss levels Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMomentum Indicator- Simple And Straightforward
- Helps Identify Potential Reversals
Guppy Multiple Moving Average- Clear Visual Representation Of TrendsIndicators offering easy-to-interpret visual cues for market trends
- Helps Identify Trend Strength
Supertrend Indicator- Easy To Interpret Buy/Sell Signals
- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels
Cons 👎
Disadvantages or limitations of the trading indicatorMomentum Indicator- Can Be Noisy In Choppy Markets
- Needs Confirmation From Other IndicatorsRefers to indicators that require validation from other technical tools for reliable signals. Click to see all.
Guppy Multiple Moving Average- Can Be Overwhelming With Multiple Lines
- Lag In Fast-Moving Markets
Supertrend Indicator- Can Give False Signals In Choppy Markets
- Lag In Trend ReversalsIndicators that may be slow to signal trend reversals, potentially delaying important trading decisions. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMomentum IndicatorGuppy Multiple Moving AverageSupertrend IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMomentum IndicatorGuppy Multiple Moving AverageSupertrend IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMomentum IndicatorGuppy Multiple Moving AverageSupertrend IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMomentum Indicator- 6The customization score for Momentum Indicator is 6 out of 10.
Guppy Multiple Moving Average- 7.5The customization score for Guppy Multiple Moving Average is 7.5 out of 10.
Supertrend Indicator- 5.5The customization score for Supertrend Indicator is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMomentum IndicatorGuppy Multiple Moving AverageSupertrend Indicator
Alternatives to Momentum Indicator
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is easier to use than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is more customizable than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is more customizable than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages
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is more reliable than Guppy Multiple Moving Average
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is easier to use than Guppy Multiple Moving Average
Ichimoku Cloud
Known for All-In-One Indicator
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is more reliable than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Aroon Up And Down
Known for Identifying Potential Trend Changes
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Volume Weighted Moving Average (VWMA)
Known for Incorporating Volume Into Moving Averages
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is more reliable than Guppy Multiple Moving Average
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is easier to use than Guppy Multiple Moving Average
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
🔀
is more versatile than Guppy Multiple Moving Average
⭐
is rated higher overall than Guppy Multiple Moving Average
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is easier to use than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average