Compact mode
Average Directional Index (ADX) vs Guppy Multiple Moving Average vs Volume Weighted Moving Average (VWMA)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Average Directional Index (ADX)- TrendAverage Directional Index (ADX) is a Trend type indicator. Indicators that help identify and confirm market trends
Guppy Multiple Moving Average- TrendGuppy Multiple Moving Average is a Trend type indicator. Indicators that help identify and confirm market trends
Volume Weighted Moving Average (VWMA)- VolumeVolume Weighted Moving Average (VWMA) 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*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Average Directional Index (ADX)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage Directional Index (ADX)- Trend Strength Without DirectionAverage Directional Index (ADX) is known for Trend Strength Without Direction.
Guppy Multiple Moving Average- Visualizing Short-Term And Long-Term TrendsGuppy Multiple Moving Average is known for Visualizing Short-Term And Long-Term Trends.
Volume Weighted Moving Average (VWMA)- Incorporating Volume Into Moving AveragesVolume Weighted Moving Average (VWMA) is known for Incorporating Volume Into Moving Averages.
Made In 🌍
The country or origin of the trading indicatorAverage Directional Index (ADX)- 1978Average Directional Index (ADX) was developed in 1978. Trading indicators specifically developed in 1978
Guppy Multiple Moving AverageVolume Weighted Moving Average (VWMA)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*- LaggingIndicators 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 communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage Directional Index (ADX)- Part of the Directional Movement System
Guppy Multiple Moving Average- Developed by Australian trader Daryl Guppy
Volume Weighted Moving Average (VWMA)- Popular among algorithmic and high-frequency traders
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage Directional Index (ADX)- It's like a gym membership - tells you how strong the trend is but not where it's going
Guppy Multiple Moving Average- Sometimes looks like a colorful spaghetti mess on the chart
Volume Weighted Moving Average (VWMA)- So weighted it might sink your chart
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.
Average Directional Index (ADX)- WeeklyAverage Directional Index (ADX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Guppy Multiple Moving Average- WeeklyGuppy Multiple Moving Average is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Volume Weighted Moving Average (VWMA)- IntradayVolume Weighted Moving Average (VWMA) 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.For all*Volume Weighted Moving Average (VWMA)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage Directional Index (ADX)- ThresholdsAverage Directional Index (ADX) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Guppy Multiple Moving Average- CrossoversGuppy Multiple Moving Average generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesGuppy Multiple Moving Average generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Volume Weighted Moving Average (VWMA)- CrossoversVolume Weighted Moving Average (VWMA) 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*Guppy Multiple Moving AverageVolume Weighted Moving Average (VWMA)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage Directional Index (ADX)Guppy 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.
Volume Weighted Moving Average (VWMA)- Day TradersVolume Weighted Moving Average (VWMA) is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Institutional TradersVolume Weighted Moving Average (VWMA) is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorAverage Directional Index (ADX)Guppy 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.
Volume Weighted Moving Average (VWMA)- Support/ResistanceVolume Weighted Moving Average (VWMA) is primarily used for Support/Resistance. Indicators that highlight price levels where trends may stall or reverse Click to see all.
- Trend ConfirmationVolume Weighted Moving Average (VWMA) is primarily used for Trend Confirmation. Indicators that validate the strength and direction of price movements Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage Directional Index (ADX)- Effective For Identifying Strong Trends
- Non-DirectionalProvides market insights without predicting price direction, useful for various strategies
Guppy Multiple Moving Average- Clear Visual Representation Of TrendsIndicators offering easy-to-interpret visual cues for market trends
- Helps Identify Trend Strength
Volume Weighted Moving Average (VWMA)- Adds Volume Context To Price Movements
- Less Susceptible To Price Spikes
Cons 👎
Disadvantages or limitations of the trading indicatorAverage Directional Index (ADX)- Doesn't Indicate Trend DirectionIndicators that don't reveal trend direction, potentially missing important market context. Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Guppy Multiple Moving Average- Can Be Overwhelming With Multiple Lines
- Lag In Fast-Moving Markets
Volume Weighted Moving Average (VWMA)- Can Be Less Effective In Low-Volume Markets
- More Complex Than Simple Moving AveragesDescribes indicators that involve more intricate calculations than basic moving averages. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage Directional Index (ADX)Guppy Multiple Moving AverageVolume Weighted Moving Average (VWMA)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage Directional Index (ADX)Guppy Multiple Moving AverageVolume Weighted Moving Average (VWMA)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage Directional Index (ADX)Guppy Multiple Moving AverageVolume Weighted Moving Average (VWMA)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage Directional Index (ADX)- 6.5The customization score for Average Directional Index (ADX) is 6.5 out of 10.
Guppy Multiple Moving Average- 7.5The customization score for Guppy Multiple Moving Average is 7.5 out of 10.
Volume Weighted Moving Average (VWMA)- 6.5The customization score for Volume Weighted Moving Average (VWMA) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage Directional Index (ADX)Guppy Multiple Moving AverageVolume Weighted Moving Average (VWMA)
Alternatives to Average Directional Index (ADX)
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
⭐
is rated higher overall 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
🔀
is more versatile than Guppy Multiple Moving Average
⭐
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
🔀
is more versatile than Guppy Multiple Moving Average
🔧
is more customizable than Guppy Multiple Moving Average
⭐
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
⭐
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
💻
is easier to use than Guppy Multiple Moving Average
Moving Average Envelope
Known for Price Range Visualization
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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
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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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
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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
🔀
is more versatile than Guppy Multiple Moving Average
⭐
is rated higher overall than Guppy Multiple Moving Average
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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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