Compact mode
Hull Moving Average (HMA) vs Rainbow Moving Average vs Volume Profile
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Hull Moving Average (HMA)- TrendHull Moving Average (HMA) is a Trend type indicator. Indicators that help identify and confirm market trends
Rainbow Moving Average- TrendRainbow Moving Average is a Trend type indicator. Indicators that help identify and confirm market trends
Volume Profile- VolumeVolume Profile 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.
- CryptocurrenciesIndicators tailored for the volatile and 24/7 nature of cryptocurrency trading.
Hull Moving Average (HMA)- ForexThe asset classes Hull Moving Average (HMA) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- 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.
Rainbow Moving AverageVolume ProfileKnown 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.
Rainbow Moving Average- Visual Representation Of Multiple TimeframesRainbow Moving Average is known for Visual Representation Of Multiple Timeframes.
Volume Profile- Visualizing Trading Activity At Price LevelsVolume Profile is known for Visualizing Trading Activity At Price Levels.
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
Rainbow Moving AverageVolume Profile
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Hull Moving Average (HMA)Rainbow Moving Average- LaggingRainbow Moving Average is a Lagging indicator. Indicators that confirm trends after they have started
Volume ProfileComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorHull Moving Average (HMA)Rainbow Moving AverageVolume ProfilePopularity 🏆
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
Rainbow Moving Average- Uses multiple moving averages to create a colorful display
Volume Profile- Originated from Market Profile analysis
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Rainbow Moving Average- It's like a weather forecast for your trades - pretty to look at but not always accurate!
Volume Profile- It's like a popularity contest for prices - but even the popular ones can let you down!
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.
Rainbow Moving Average- DailyRainbow Moving Average is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyRainbow Moving Average is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Volume Profile- All TimeframesVolume Profile is most effective for All Timeframes timeframes. Versatile indicators suitable for any trading timeframe, from short-term to long-term analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Hull Moving Average (HMA)Rainbow Moving AverageVolume ProfileSignal Generation 📊
Describes the methods by which the indicator produces trading signalsHull Moving Average (HMA)- CrossoversHull Moving Average (HMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- BreakoutsHull Moving Average (HMA) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Rainbow Moving Average- CrossoversRainbow Moving Average generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- Color ChangesRainbow Moving Average generates trading signals through Color Changes. Indicators using color shifts to visually represent changing market conditions
Volume Profile- Support/Resistance LevelsVolume Profile generates trading signals through Support/Resistance Levels. Indicators that identify key price levels where the market tends to pause or reverse
- Value AreasVolume Profile generates trading signals through Value Areas. Indicators that identify price ranges where most trading activity occurs
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorHull Moving Average (HMA)Rainbow Moving Average- Number Of MAsRainbow Moving Average offers customization options for Number Of MAs. Enables customization of how many moving averages to use Click to see all.
- MA TypesRainbow Moving Average offers customization options for MA Types. Enables selection of various moving average calculations Click to see all.
- PeriodsRainbow Moving Average offers customization options for Periods. Allows customization of multiple analysis timeframes Click to see all.
Volume Profile
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Rainbow Moving Average- Visual TradersRainbow Moving Average is designed for Visual Traders. Provides clear visual representations of market conditions, ideal for chart-based analysis Click to see all.
- Trend FollowersRainbow Moving Average is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Volume Profile- Institutional TradersVolume Profile is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
- Order Flow AnalystsVolume Profile is designed for Order Flow Analysts. Analyzes buying and selling pressure, revealing market participants' intentions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Rainbow Moving Average- Trend IdentificationRainbow Moving Average is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Entry/Exit PointsRainbow Moving Average is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
Volume Profile- Price DiscoveryVolume Profile is primarily used for Price Discovery. Indicators that aid in determining fair market value Click to see all.
- Support/Resistance IdentificationVolume Profile is primarily used for Support/Resistance Identification. Indicators that locate key price levels of market interest Click to see all.
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
Rainbow Moving Average- Visually Appealing
- Incorporates Multiple Timeframes
- Smooth Signal
Volume Profile- Shows Where Most Trading OccursReveals price zones with significant trading activity, useful for support/resistance analysis
- Identifies Key Price Levels
- Useful For Multiple Timeframes
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.
Rainbow Moving Average- Can Be Overwhelming For Beginners
- Potential For Overanalysis
- Lag In Fast MarketsIndicators that may lag behind in rapidly changing markets, potentially missing quick opportunities. Click to see all.
Volume Profile- Can Be Cluttered On Charts
- Requires Understanding Of Market MicrostructureDescribes indicators that need knowledge of detailed market mechanics for effective use. Click to see all.
- Time-Consuming To Analyze
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Rainbow Moving AverageVolume ProfileEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Rainbow Moving AverageVolume ProfileVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Rainbow Moving AverageVolume ProfileCustomization 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.
Rainbow Moving Average- 8.5The customization score for Rainbow Moving Average is 8.5 out of 10.
Volume Profile- 7.5The customization score for Volume Profile is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Rainbow Moving AverageVolume Profile
Alternatives to Hull Moving Average (HMA)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻
is easier to use than Hull Moving Average (HMA)
⭐
is rated higher overall than Hull Moving Average (HMA)
Rate Of Change (ROC)
Known for Speed Of Price Changes
💻
is easier to use than Hull Moving Average (HMA)
Directional Movement Index (DMI)
Known for Strength Of Price Movement
🔧
is more customizable than Hull Moving Average (HMA)
Elder Triple Screen
Known for Trend-Momentum Alignment
🔀
is more versatile than Hull Moving Average (HMA)
🔧
is more customizable than Hull Moving Average (HMA)
⭐
is rated higher overall than Hull Moving Average (HMA)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
💻
is easier to use than Hull Moving Average (HMA)
🔀
is more versatile than Hull Moving Average (HMA)