Compact mode
Moving Average Convergence Divergence (MACD) vs Ichimoku Cloud vs Keltner Channels
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)Ichimoku Cloud- TrendIchimoku Cloud is a Trend type indicator. Indicators that help identify and confirm market trends
Keltner ChannelsAsset 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)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.
Ichimoku Cloud- All-In-One IndicatorIchimoku Cloud is known for All-In-One Indicator.
Keltner Channels- Combining Moving Averages With VolatilityKeltner Channels is known for Combining Moving Averages With Volatility.
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
Ichimoku CloudKeltner Channels- United StatesKeltner Channels 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
Ichimoku CloudKeltner Channels- LaggingKeltner Channels is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorMoving Average Convergence Divergence (MACD)Ichimoku CloudKeltner ChannelsPopularity 🏆
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
Ichimoku Cloud- MediumThe popularity of Ichimoku Cloud among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Keltner Channels- MediumThe popularity of Keltner Channels 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
Ichimoku Cloud- Created by Japanese journalist Goichi Hosoda
Keltner Channels- Named after Chester Keltner
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
Ichimoku Cloud- It's like a weather forecast for your trades - often wrong but never in doubt
Keltner Channels- It's like a bodyguard for price trends keeping them in check
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyIndicators 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.For all*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsMoving Average Convergence Divergence (MACD)- CrossoversMoving Average Convergence Divergence (MACD) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesMoving Average Convergence Divergence (MACD) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Ichimoku Cloud- CrossoversIchimoku Cloud generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- BreakoutsIchimoku Cloud generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Keltner Channels- BreakoutsKeltner Channels 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)Keltner Channels
Usage Comparison
Purpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Ichimoku Cloud- Multiple Aspects Of MarketIchimoku Cloud is primarily used for Multiple Aspects Of Market.
Keltner Channels
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Ichimoku Cloud- Provides Multiple Signals
- Forward-LookingIndicators designed to anticipate future market movements
Keltner Channels- Less Sensitive To Spikes Than Bollinger BandsProvides more stable signals in volatile markets compared to Bollinger Bands
- Good For Identifying Trends
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.
Ichimoku Cloud- Complex To Interpret
- Clutters Charts
Keltner Channels
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average Convergence Divergence (MACD)Ichimoku CloudKeltner ChannelsEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Ichimoku CloudKeltner ChannelsVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Ichimoku CloudKeltner ChannelsCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMoving Average Convergence Divergence (MACD)- 7The customization score for Moving Average Convergence Divergence (MACD) is 7 out of 10.
Ichimoku Cloud- 7.5The customization score for Ichimoku Cloud is 7.5 out of 10.
Keltner Channels- 8The customization score for Keltner Channels is 8 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMoving Average Convergence Divergence (MACD)Ichimoku CloudKeltner Channels
Alternatives to Moving Average Convergence Divergence (MACD)
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Ichimoku Cloud
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is more customizable than Ichimoku Cloud
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is rated higher overall than Ichimoku Cloud
Moving Average Envelope
Known for Price Range Visualization
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is easier to use than Ichimoku Cloud
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is rated higher overall than Ichimoku Cloud
Linear Regression Indicator
Known for Predicting Price Trends
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is easier to use than Ichimoku Cloud
Aroon Indicator
Known for Measuring Time Between Highs And Lows
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is easier to use than Ichimoku Cloud
Chaikin Oscillator
Known for Accumulation/Distribution Trends
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is easier to use than Ichimoku Cloud
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is easier to use than Ichimoku Cloud
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is easier to use than Ichimoku Cloud