Compact mode
Hull Moving Average (HMA) vs Moving Average Envelope vs Price Channel
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.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Hull Moving Average (HMA)- ForexThe asset classes Hull Moving Average (HMA) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. 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.
Moving Average EnvelopePrice ChannelKnown 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.
Moving Average Envelope- Price Range VisualizationMoving Average Envelope is known for Price Range Visualization.
Price Channel- Range-Bound TradingPrice Channel is known for Range-Bound Trading.
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
Moving Average Envelope- United StatesMoving Average Envelope was developed in United States. Indicators developed in the USA, reflecting American trading principles
Price Channel- United StatesPrice Channel 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.Hull Moving Average (HMA)Moving Average Envelope- LaggingMoving Average Envelope is a Lagging indicator. Indicators that confirm trends after they have started
Price Channel- LaggingPrice Channel is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorHull Moving Average (HMA)Moving Average EnvelopePrice ChannelPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
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
Moving Average Envelope- Envelopes typically use 2% above and below the moving average
Price Channel- Originally popularized by Richard Donchian in the 1950s
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Moving Average Envelope- Often mistaken for Bollinger Bands by novice traders
Price Channel- Sometimes called the "rich man's Bollinger Bands" due to its simplicity
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.
Moving Average Envelope- DailyMoving Average Envelope is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyMoving Average Envelope is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Price Channel- DailyPrice Channel is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyPrice Channel 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.Hull Moving Average (HMA)Moving Average EnvelopePrice ChannelSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- BreakoutsIndicators that identify when price breaks key levels, signaling potential trends
Hull Moving Average (HMA)- CrossoversHull Moving Average (HMA) 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 indicatorFor all*Moving Average Envelope
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Moving Average EnvelopePrice ChannelPurpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopePrice Channel- Trend Strength AssessmentPrice Channel is primarily used for Trend Strength Assessment.
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
Moving Average Envelope- Simple To Understand And Implement
- Helps Identify Overbought/Oversold ConditionsSignals when an asset may be overvalued or undervalued, helping traders spot potential reversals
Price Channel- Easy To Interpret VisuallyIndicators with clear visual representations for quick market analysis
- Useful For Identifying Breakouts
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.
Moving Average Envelope- Can Be Late In Signaling Trend ReversalsIndicators that excel in early trend reversal detection, minimizing delays in signaling changes Click to see all.
- Effectiveness Varies In Different Market Conditions
Price Channel- Can Be Slow To React To Trend Changes
- May Generate False Signals In Choppy Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Moving Average EnvelopePrice ChannelEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Moving Average EnvelopePrice ChannelVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Moving Average EnvelopePrice ChannelCustomization 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.
Moving Average Envelope- 7.5The customization score for Moving Average Envelope is 7.5 out of 10.
Price Channel- 5.5The customization score for Price Channel is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Moving Average EnvelopePrice Channel
Alternatives to Hull Moving Average (HMA)
Elder Triple Screen
Known for Trend-Momentum Alignment
💯
is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
🔧
is more customizable than Moving Average Envelope
⭐
is rated higher overall than Moving Average Envelope
Keltner Channels
Known for Combining Moving Averages With Volatility
🔀
is more versatile than Moving Average Envelope
🔧
is more customizable than Moving Average Envelope
Donchian Channels
Known for Simplicity And Effectiveness
💯
is more reliable than Moving Average Envelope
⭐
is rated higher overall than Moving Average Envelope
Ichimoku Cloud
Known for All-In-One Indicator
🔀
is more versatile than Moving Average Envelope
Simple Moving Average (SMA)
Known for Smooth Price Movements
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is more reliable than Moving Average Envelope
💻
is easier to use than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
Directional Movement Index (DMI)
Known for Strength Of Price Movement
💯
is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💯
is more reliable than Moving Average Envelope
💻
is easier to use than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
⭐
is rated higher overall than Moving Average Envelope
Average Directional Index (ADX)
Known for Trend Strength Without Direction
💯
is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
Average True Range (ATR)
Known for Volatility Without Direction
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is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope