Compact mode

McGinley Dynamic Indicator vs Vortex Indicator (VI) vs Schaff Trend Cycle

Table of content

General Information Comparison
Characteristics Comparison
Facts Comparison

Application Comparison
Technical Details Comparison
Usage Comparison
Evaluation Comparison
Performance Metrics Comparison

General Information Comparison

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

McGinley Dynamic Indicator

Trend

McGinley Dynamic Indicator is a Trend type indicator. Indicators that help identify and confirm market trends

Vortex Indicator (VI)

Trend

Vortex Indicator (VI) is a Trend type indicator. Indicators that help identify and confirm market trends

Schaff Trend Cycle

Momentum

Schaff Trend Cycle is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

For all*

Stocks

Indicators optimized for analyzing and predicting stock price movements in equity markets.

McGinley Dynamic Indicator

Commodities

The asset classes McGinley Dynamic Indicator is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Vortex Indicator (VI)

Forex

The asset classes Vortex Indicator (VI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

Schaff Trend Cycle

Forex

The asset classes Schaff Trend Cycle is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Known for 💭

The unique selling point or distinguishing feature of the trading indicator

McGinley Dynamic Indicator

Improving On Traditional Moving Averages

McGinley Dynamic Indicator is known for Improving On Traditional Moving Averages.

Vortex Indicator (VI)

Trend Reversal Detection

Vortex Indicator (VI) is known for Trend Reversal Detection.

Schaff Trend Cycle

Combining Trend And Cycle Analysis

Schaff Trend Cycle is known for Combining Trend And Cycle Analysis.
Made In 🌍

The country or origin of the trading indicator

McGinley Dynamic Indicator

1990S

McGinley Dynamic Indicator was developed in 1990S. Trading indicators created during the dot-com boom era Click to see all.

Vortex Indicator (VI)

Australia

Vortex Indicator (VI) was developed in Australia. Trading indicators developed by Australian market analysts

Schaff Trend Cycle

1990S

Schaff Trend Cycle was developed in 1990S. Trading indicators created during the dot-com boom era Click to see all.

Characteristics Comparison

Lagging or Leading 🏁

Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.

McGinley Dynamic Indicator

Lagging

McGinley Dynamic Indicator is a Lagging indicator. Indicators that confirm trends after they have started

Vortex Indicator (VI)

Lagging

Vortex Indicator (VI) is a Lagging indicator. Indicators that confirm trends after they have started

Schaff Trend Cycle

Leading

Schaff Trend Cycle is a Leading indicator. Indicators that predict future price movements Click to see all.
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

McGinley Dynamic Indicator

Intermediate

The complexity level of McGinley Dynamic Indicator is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.

Vortex Indicator (VI)

Intermediate

The complexity level of Vortex Indicator (VI) is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.

Schaff Trend Cycle

Advanced

The complexity level of Schaff Trend Cycle is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

For all*

Low

Indicators with lower adoption but potential unique insights

Facts Comparison

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

McGinley Dynamic Indicator

Developed by John R. McGinley to address the lag in traditional moving averages

Vortex Indicator (VI)

Inspired by the vortex concept in fluid dynamics

Schaff Trend Cycle

Developed by Doug Schaff a lesser-known but innovative technical analyst
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

McGinley Dynamic Indicator

So smooth it might make other indicators jealous

Vortex Indicator (VI)

It's like a weather vane for market trends

Schaff Trend Cycle

So cyclical it might make you dizzy

Application Comparison

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

For all*

Daily

Indicators optimized for daily chart analysis, suitable for swing and position traders.

McGinley Dynamic Indicator

Weekly

McGinley Dynamic Indicator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Schaff Trend Cycle

Weekly

Schaff Trend Cycle 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.

McGinley Dynamic Indicator

Moving Average

McGinley Dynamic Indicator uses the Moving Average calculation method. Indicators based on various types of moving averages for trend identification. Click to see all.

Vortex Indicator (VI)

Price-Based

Vortex Indicator (VI) uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.

Schaff Trend Cycle

Moving Averages

Schaff Trend Cycle uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.

MACD

Schaff Trend Cycle uses the MACD calculation method. Indicators utilizing Moving Average Convergence Divergence for trend and momentum analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

For all*

Crossovers

Indicators that generate signals when one line crosses another, indicating trend changes

Schaff Trend Cycle

Thresholds

Schaff Trend Cycle 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 indicator

For all*

Period

Enables customization of analysis timeframe

McGinley Dynamic Indicator

Smoothing Factor

McGinley Dynamic Indicator offers customization options for Smoothing Factor. Customizable smoothing factor for signal clarity Click to see all.

Schaff Trend Cycle

MACD Parameters

Schaff Trend Cycle offers customization options for MACD Parameters. Allows customization of Moving Average Convergence Divergence parameters Click to see all.

Usage Comparison

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

McGinley Dynamic Indicator

Adapts Quickly To Price Changes

Reduces Whipsaws In Trending Markets

Minimizes false signals during strong trends, improving trend-following strategies

Vortex Indicator (VI)

Simple To Interpret

Effective In Trending Markets

Schaff Trend Cycle

Smooth Cycling Indicator

Indicators that provide smooth, cyclical signals for easier trend identification

Helps Identify Trend Changes Early

Signals potential trend shifts early, giving traders a head start on market moves
Cons 👎

Disadvantages or limitations of the trading indicator

McGinley Dynamic Indicator

Less Known Than Traditional Moving Averages

Describes indicators that are not as popular as traditional moving averages in technical analysis. Click to see all.

Can Still Lag In Sharp Reversals

Vortex Indicator (VI)

Can Produce False Signals In Choppy Markets

Indicators that minimize false signals in erratic or indecisive market conditions Click to see all.

Less Widely Used

Schaff Trend Cycle

Can Produce False Signals In Ranging Markets

Complex Calculation

Indicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.