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Hull Moving Average (HMA) vs Volume Profile 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.Hull Moving Average (HMA)- TrendHull Moving Average (HMA) 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
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*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.
- 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.
Volume Profile- FuturesThe asset classes Volume Profile is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
- CryptocurrenciesThe asset classes Volume Profile is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Aroon IndicatorKnown 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.
Volume Profile- Visualizing Trading Activity At Price LevelsVolume Profile is known for Visualizing Trading Activity At Price Levels.
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
Volume ProfileAroon 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)Volume ProfileAroon 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
Volume Profile- Originated from Market Profile analysis
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
Volume Profile- It's like a popularity contest for prices - but even the popular ones can let you down!
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.
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.
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)Volume ProfileAroon IndicatorSignal 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
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
Aroon Indicator- CrossoversAroon Indicator 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 indicatorHull Moving Average (HMA)Volume Profile- Time PeriodVolume Profile offers customization options for Time Period. Customizable time period for calculations Click to see all.
- Value Area PercentageVolume Profile offers customization options for Value Area Percentage. Customizable value area for price distribution analysis Click to see all.
Aroon Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)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.
Aroon IndicatorPurpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)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.
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
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
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.
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
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)Volume ProfileAroon IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Volume ProfileAroon IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Volume ProfileAroon 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.
Volume Profile- 7.5The customization score for Volume Profile 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)Volume ProfileAroon Indicator
Alternatives to 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)
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)
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)
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)
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)