Compact mode
Hull Moving Average (HMA) vs Ichimoku Cloud vs Aroon 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.For all*- TrendIndicators 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.
Hull Moving Average (HMA)- 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.
Known for 💭
The unique selling point or distinguishing feature of the trading indicatorHull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Ichimoku Cloud- All-In-One IndicatorIchimoku Cloud is known for All-In-One Indicator.
Aroon Indicator- Measuring Time Between Highs And LowsAroon Indicator is known for Measuring Time Between Highs And Lows.
Made In 🌍
The country or origin of the trading indicatorHull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Ichimoku CloudAroon Indicator- United StatesAroon Indicator 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.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorHull Moving Average (HMA)Ichimoku CloudAroon IndicatorPopularity 🏆
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 indicatorHull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Ichimoku Cloud- Created by Japanese journalist Goichi Hosoda
Aroon Indicator- Name means "Dawn's Early Light" in Sanskrit
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Ichimoku Cloud- It's like a weather forecast for your trades - often wrong but never in doubt
Aroon Indicator- It's like a sunrise alarm clock for new trends
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.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.
Ichimoku Cloud- DailyIchimoku Cloud is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyIchimoku Cloud is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Aroon Indicator- DailyAroon Indicator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyAroon Indicator is most effective for Weekly timeframes. Indicators 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.Hull Moving Average (HMA)Ichimoku CloudAroon 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
Hull Moving Average (HMA)- BreakoutsHull Moving Average (HMA) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Ichimoku Cloud- BreakoutsIchimoku Cloud 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 indicatorFor all*
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Ichimoku CloudAroon IndicatorPurpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Ichimoku Cloud- Multiple Aspects Of MarketIchimoku Cloud is primarily used for Multiple Aspects Of Market.
Aroon Indicator- Trend Strength And Direction AnalysisAroon Indicator is primarily used for Trend Strength And Direction Analysis.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorHull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
Ichimoku Cloud- Provides Multiple Signals
- Forward-LookingIndicators designed to anticipate future market movements
Aroon Indicator- Helps Identify Beginning And End Of TrendsIndicators specializing in spotting the start and conclusion of market trends
- Shows Trend StrengthQuantifies the power behind price movements, aiding in trend confirmation
Cons 👎
Disadvantages or limitations of the trading indicatorHull 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.
Ichimoku Cloud- Complex To Interpret
- Clutters Charts
Aroon Indicator- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Requires Confirmation From Other IndicatorsIndicates that some indicators need validation from other technical tools for reliable signals. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Ichimoku CloudAroon IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Ichimoku CloudAroon IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Ichimoku CloudAroon IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorHull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Ichimoku Cloud- 7.5The customization score for Ichimoku Cloud is 7.5 out of 10.
Aroon Indicator- 7The customization score for Aroon Indicator is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Ichimoku CloudAroon Indicator
Alternatives to Hull Moving Average (HMA)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is easier to use than Hull Moving Average (HMA)
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is rated higher overall than Hull Moving Average (HMA)
Rate Of Change (ROC)
Known for Speed Of Price Changes
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is easier to use than Hull Moving Average (HMA)
Directional Movement Index (DMI)
Known for Strength Of Price Movement
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is more customizable than Hull Moving Average (HMA)
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is more customizable than Hull Moving Average (HMA)
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more versatile than Hull Moving Average (HMA)
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is more customizable than Hull Moving Average (HMA)
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is rated higher overall than Hull Moving Average (HMA)
Moving Average Envelope
Known for Price Range Visualization
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is easier to use than Hull Moving Average (HMA)
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is more customizable than Hull Moving Average (HMA)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is easier to use than Hull Moving Average (HMA)
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is more versatile than Hull Moving Average (HMA)