Compact mode
Rate Of Change (ROC) vs Momentum Indicator vs Supertrend 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.Rate of Change (ROC)Momentum IndicatorSupertrend Indicator- TrendSupertrend 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*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CryptocurrenciesIndicators tailored for the volatile and 24/7 nature of cryptocurrency trading.
Rate of Change (ROC)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorRate of Change (ROC)- Speed Of Price ChangesRate of Change (ROC) is known for Speed Of Price Changes.
Momentum Indicator- Price VelocityMomentum Indicator is known for Price Velocity.
Supertrend Indicator- Simplifying Trend FollowingSupertrend Indicator is known for Simplifying Trend Following.
Made In 🌍
The country or origin of the trading indicatorRate of Change (ROC)- UnknownRate of Change (ROC) was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Momentum Indicator- United StatesMomentum Indicator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Supertrend Indicator- 2000SSupertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century
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 communityRate of Change (ROC)- MediumThe popularity of Rate of Change (ROC) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Momentum Indicator- MediumThe popularity of Momentum Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Supertrend Indicator- HighThe popularity of Supertrend Indicator among traders is considered High. Widely used and trusted indicators in the trading community
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorRate of Change (ROC)- One of the oldest momentum indicators still in use today
Momentum Indicator- Often confused with the Rate of Change (ROC) indicator
Supertrend Indicator- Popular among algorithmic traders for its simplicity
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRate of Change (ROC)- Jokingly called the 'market speedometer' by some traders
Momentum Indicator- Jokingly referred to as the "lazy trader's best friend" due to its simplicity
Supertrend Indicator- So super it might need a cape and tights
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Rate of Change (ROC)- AnyRate of Change (ROC) is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Momentum Indicator- DailyMomentum Indicator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyMomentum Indicator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Supertrend Indicator- DailySupertrend Indicator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklySupertrend 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.Rate of Change (ROC)Momentum IndicatorSupertrend IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Rate of Change (ROC)- DivergencesRate of Change (ROC) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Momentum Indicator- DivergencesMomentum Indicator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Supertrend Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRate of Change (ROC)Momentum IndicatorSupertrend Indicator- Trend FollowersSupertrend Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
- Day TradersSupertrend Indicator is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorRate of Change (ROC)Momentum IndicatorSupertrend Indicator- Trend DirectionSupertrend Indicator is primarily used for Trend Direction. Indicators that help determine the overall direction of price movement in a market Click to see all.
- Stop Loss PlacementSupertrend Indicator is primarily used for Stop Loss Placement. Indicators that help determine optimal stop loss levels Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorRate of Change (ROC)- Simple To Understand And UseOffers straightforward analysis, making it accessible for traders of all levels
- Effective For Identifying Overbought/Oversold Conditions
Momentum Indicator- Simple And Straightforward
- Helps Identify Potential Reversals
Supertrend Indicator- Easy To Interpret Buy/Sell Signals
- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels
Cons 👎
Disadvantages or limitations of the trading indicatorRate of Change (ROC)- Can Produce False Signals In Ranging Markets
- Sensitive To Sudden Price ChangesRefers to indicators that may produce unreliable signals during rapid market movements. Click to see all.
Momentum Indicator- Can Be Noisy In Choppy Markets
- Needs Confirmation From Other IndicatorsRefers to indicators that require validation from other technical tools for reliable signals. Click to see all.
Supertrend Indicator- Can Give False Signals In Choppy Markets
- Lag In Trend ReversalsIndicators that may be slow to signal trend reversals, potentially delaying important trading decisions. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorRate of Change (ROC)Momentum IndicatorSupertrend IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRate of Change (ROC)Momentum IndicatorSupertrend IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRate of Change (ROC)Momentum IndicatorSupertrend IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorRate of Change (ROC)- 6.5The customization score for Rate of Change (ROC) is 6.5 out of 10.
Momentum Indicator- 6The customization score for Momentum Indicator is 6 out of 10.
Supertrend Indicator- 5.5The customization score for Supertrend Indicator is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsRate of Change (ROC)Momentum IndicatorSupertrend Indicator
Alternatives to Rate of Change (ROC)
Elder-Ray Index
Known for Combining Trend And Momentum
💯
is more reliable than Momentum Indicator
🔀
is more versatile than Momentum Indicator
🔧
is more customizable than Momentum Indicator
⭐
is rated higher overall than Momentum Indicator
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💯
is more reliable than Momentum Indicator
🔧
is more customizable than Momentum Indicator
⭐
is rated higher overall than Momentum Indicator
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
🔀
is more versatile than Momentum Indicator
🔧
is more customizable than Momentum Indicator
⭐
is rated higher overall than Momentum Indicator
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
💯
is more reliable than Momentum Indicator
🔀
is more versatile than Momentum Indicator
🔧
is more customizable than Momentum Indicator
Linear Regression Indicator
Known for Predicting Price Trends
💯
is more reliable than Momentum Indicator
Elder Triple Screen
Known for Trend-Momentum Alignment
💯
is more reliable than Momentum Indicator
🔀
is more versatile than Momentum Indicator
🔧
is more customizable than Momentum Indicator
⭐
is rated higher overall than Momentum Indicator
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💯
is more reliable than Momentum Indicator
💻
is easier to use than Momentum Indicator
🔧
is more customizable than Momentum Indicator
⭐
is rated higher overall than Momentum Indicator
Ultimate Oscillator
Known for Multi-Timeframe Analysis
🔀
is more versatile than Momentum Indicator
🔧
is more customizable than Momentum Indicator