Rate of Change (ROC) vs Heikin Ashi Candlesticks vs Elder-Ray Index
Compact mode

Rate Of Change (ROC) vs Heikin Ashi Candlesticks vs Elder-Ray Index

General Information Comparison

Characteristics Comparison

Facts Comparison

  • Interesting Fact 💡

    An intriguing or lesser-known fact about the trading indicator
    Rate of Change (ROC)
    • One of the oldest momentum indicators still in use today
    Heikin Ashi Candlesticks
    • Heikin Ashi means 'average bar' in Japanese
    Elder-Ray Index
    • Created by Dr. Alexander Elder
  • Sarcastic Fact 😉

    A humorous or ironic observation about the trading indicator
    Rate of Change (ROC)
    • Jokingly called the 'market speedometer' by some traders
    Heikin Ashi Candlesticks
    • Sarcastically called the 'trend painter' for its ability to color-code market direction
    Elder-Ray Index
    • It's like a doctor's checkup for market health

Application Comparison

  • Timeframe 🕑

    The time intervals or periods for which the trading indicator is most effective or commonly used.
    For all*
    • Any
      Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
    Elder-Ray Index
    • Daily
      Elder-Ray Index is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
    • Weekly
      Elder-Ray Index is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

Usage Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Rate of Change (ROC)
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
💯 is more reliable than Heikin Ashi Candlesticks
🔧 is more customizable than Heikin Ashi Candlesticks
is rated higher overall than Heikin Ashi Candlesticks
Moving Average Envelope
Known for Price Range Visualization
💯 is more reliable than Heikin Ashi Candlesticks
🔧 is more customizable than Heikin Ashi Candlesticks
is rated higher overall than Heikin Ashi Candlesticks
Zigzag Indicator
Known for Filtering Market Noise
🔧 is more customizable than Heikin Ashi Candlesticks
Price Channel
Known for Range-Bound Trading
💻 is easier to use than Heikin Ashi Candlesticks
Simple Moving Average (SMA)
Known for Smooth Price Movements
💯 is more reliable than Heikin Ashi Candlesticks
💻 is easier to use than Heikin Ashi Candlesticks
is rated higher overall than Heikin Ashi Candlesticks
Stochastic Oscillator
Known for Momentum And Trend Reversal
🔧 is more customizable than Heikin Ashi Candlesticks
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💯 is more reliable than Heikin Ashi Candlesticks
💻 is easier to use than Heikin Ashi Candlesticks
🔧 is more customizable than Heikin Ashi Candlesticks
is rated higher overall than Heikin Ashi Candlesticks