Compact mode
Moving Average Convergence Divergence (MACD) vs Hull Moving Average (HMA) 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.Moving Average Convergence Divergence (MACD)Hull Moving Average (HMA)- TrendHull Moving Average (HMA) is a Trend type indicator. Indicators that help identify and confirm market trends
Aroon Indicator- TrendAroon 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.
Moving Average Convergence Divergence (MACD)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 indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Hull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
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 indicatorMoving Average Convergence Divergence (MACD)- 1960SMoving Average Convergence Divergence (MACD) was developed in 1960S. Trading indicators developed during a decade of economic growth and social change
Hull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Aroon 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.Moving Average Convergence Divergence (MACD)- LaggingMoving Average Convergence Divergence (MACD) is a Lagging indicator. Indicators that confirm trends after they have started
Hull Moving Average (HMA)Aroon IndicatorComplexity 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 communityMoving Average Convergence Divergence (MACD)- HighThe popularity of Moving Average Convergence Divergence (MACD) 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
Aroon Indicator- MediumThe popularity of Aroon Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Hull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Aroon Indicator- Name means "Dawn's Early Light" in Sanskrit
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Hull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
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.Moving Average Convergence Divergence (MACD)- DailyMoving Average Convergence Divergence (MACD) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyMoving Average Convergence Divergence (MACD) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
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.
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.Moving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Aroon 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
Moving Average Convergence Divergence (MACD)- DivergencesMoving Average Convergence Divergence (MACD) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Hull Moving Average (HMA)- BreakoutsHull Moving Average (HMA) 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*Moving Average Convergence Divergence (MACD)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Aroon IndicatorPurpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)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 indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Hull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
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 indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. 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.
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 indicatorMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Aroon IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Aroon IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Aroon IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Aroon Indicator
Alternatives to Moving Average Convergence Divergence (MACD)
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)
🔧
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)