Compact mode
Hull Moving Average (HMA) vs Zigzag Indicator vs Vortex Indicator (VI)
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.
Zigzag 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.
Zigzag Indicator- Filtering Market NoiseZigzag Indicator is known for Filtering Market Noise.
Vortex Indicator (VI)- Trend Reversal DetectionVortex Indicator (VI) is known for Trend Reversal Detection.
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
Zigzag Indicator- UnknownZigzag Indicator was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Vortex Indicator (VI)- AustraliaVortex Indicator (VI) was developed in Australia. Trading indicators developed by Australian market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Hull Moving Average (HMA)Zigzag Indicator- LaggingZigzag Indicator is a Lagging indicator. Indicators that confirm trends after they have started
Vortex Indicator (VI)- LaggingVortex Indicator (VI) is a Lagging indicator. Indicators that confirm trends after they have started
Complexity 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 communityHull Moving Average (HMA)- MediumThe popularity of Hull Moving Average (HMA) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Zigzag Indicator- MediumThe popularity of Zigzag Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Vortex Indicator (VI)- LowThe popularity of Vortex Indicator (VI) among traders is considered Low. Indicators with lower adoption but potential unique insights
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
Zigzag Indicator- Often used in conjunction with Fibonacci retracements
Vortex Indicator (VI)- Inspired by the vortex concept in fluid dynamics
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Zigzag Indicator- Sarcastically called the 'hindsight is 20/20' indicator
Vortex Indicator (VI)- It's like a weather vane for market 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.
Zigzag Indicator- AnyZigzag Indicator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Vortex Indicator (VI)- DailyVortex Indicator (VI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Hull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)Signal 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
Zigzag Indicator- BreakoutsZigzag Indicator generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Vortex Indicator (VI)- CrossoversVortex Indicator (VI) 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)Zigzag Indicator- Percentage ChangeZigzag Indicator offers customization options for Percentage Change. Allows customization of price movement percentage thresholds Click to see all.
- DepthZigzag Indicator offers customization options for Depth. Enables fine-tuning of indicator sensitivity to market movements Click to see all.
Vortex Indicator (VI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)Purpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)
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
Zigzag Indicator- Helps Identify Significant Price Movements
- Useful For Elliot Wave AnalysisIndicators that complement Elliot Wave theory for advanced technical analysis
Vortex Indicator (VI)- Simple To Interpret
- Effective In Trending Markets
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.
Zigzag Indicator- Can Be Redrawn As New Price Data Comes InIndicators that maintain consistent historical data, providing reliable backtesting and analysis Click to see all.
- Prone To Lag In Fast-Moving Markets
Vortex Indicator (VI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)Customization 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.
Zigzag Indicator- 8The customization score for Zigzag Indicator is 8 out of 10.
Vortex Indicator (VI)- 6The customization score for Vortex Indicator (VI) is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Zigzag IndicatorVortex Indicator (VI)
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)
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is more customizable 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)
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 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)