Compact mode
McClellan Oscillator vs Detrended Price Oscillator (DPO) vs Mass Index
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.McClellan OscillatorDetrended Price Oscillator (DPO)- TrendDetrended Price Oscillator (DPO) is a Trend type indicator. Indicators that help identify and confirm market trends
Mass IndexAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Detrended Price Oscillator (DPO)Mass IndexKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorMcClellan Oscillator- Identifying Market TrendsMcClellan Oscillator is known for Identifying Market Trends.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Mass Index- Volatility-Based Reversal PredictionMass Index is known for Volatility-Based Reversal Prediction.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators 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 indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityMcClellan Oscillator- MediumThe popularity of McClellan Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Detrended Price Oscillator (DPO)- LowThe popularity of Detrended Price Oscillator (DPO) among traders is considered Low. Indicators with lower adoption but potential unique insights
Mass Index- LowThe popularity of Mass Index 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 indicatorMcClellan Oscillator- Created by Sherman and Marian McClellan in 1969
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Mass Index- Created by Donald Dorsey
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMcClellan Oscillator- It's like taking the market's temperature with a fancy thermometer
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
Mass Index- It's like predicting market earthquakes
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.
Detrended Price Oscillator (DPO)- WeeklyDetrended Price Oscillator (DPO) 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.McClellan OscillatorDetrended Price Oscillator (DPO)Mass IndexSignal Generation 📊
Describes the methods by which the indicator produces trading signalsMcClellan Oscillator- CrossoversMcClellan Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- ThresholdsMcClellan Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Detrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements
- DivergencesDetrended Price Oscillator (DPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Mass Index- ThresholdsMass Index generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorMcClellan OscillatorDetrended Price Oscillator (DPO)- PeriodDetrended Price Oscillator (DPO) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Cycle LengthDetrended Price Oscillator (DPO) offers customization options for Cycle Length. Allows traders to customize the time frame for pattern recognition Click to see all.
Mass Index- PeriodMass Index offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Bulge ThresholdMass Index offers customization options for Bulge Threshold. Describes indicators that allow setting of levels for identifying significant price movements. Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMcClellan OscillatorDetrended Price Oscillator (DPO)Mass IndexPurpose 📈
The primary purpose or application of the trading indicatorMcClellan OscillatorDetrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Mass Index
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMcClellan Oscillator- Effective For Overall Market AnalysisIndicators providing broad insights into overall market conditions
- Good For Timing Entries/Exits
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Mass Index- Identifies Potential Reversals
- Unique Approach To Volatility
Cons 👎
Disadvantages or limitations of the trading indicatorMcClellan Oscillator- Specific To Stock MarketsIndicates that some indicators are designed primarily for stock market analysis. Click to see all.
- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Mass Index
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMcClellan OscillatorDetrended Price Oscillator (DPO)Mass IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMcClellan OscillatorDetrended Price Oscillator (DPO)Mass IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMcClellan OscillatorDetrended Price Oscillator (DPO)Mass IndexCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorMcClellan Oscillator- 6.5The customization score for McClellan Oscillator is 6.5 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Mass Index- 6.5The customization score for Mass Index is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMcClellan OscillatorDetrended Price Oscillator (DPO)Mass Index
Alternatives to McClellan Oscillator
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
🔀
is more versatile than McClellan Oscillator
🔧
is more customizable than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀
is more versatile than McClellan Oscillator
🔧
is more customizable than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Chaikin Money Flow (CMF)
Known for Identifying Accumulation/Distribution
💻
is easier to use than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than McClellan Oscillator
🔧
is more customizable than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Aroon Indicator
Known for Measuring Time Between Highs And Lows
💻
is easier to use than McClellan Oscillator
🔀
is more versatile than McClellan Oscillator
🔧
is more customizable than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Balance Of Power (BOP)
Known for Measuring Market Sentiment
💻
is easier to use than McClellan Oscillator
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻
is easier to use than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💻
is easier to use than McClellan Oscillator
🔧
is more customizable than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators
🔀
is more versatile than McClellan Oscillator
🔧
is more customizable than McClellan Oscillator
⭐
is rated higher overall than McClellan Oscillator