Zigzag Indicator vs Parabolic SAR vs Vortex Indicator (VI)
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Zigzag Indicator vs Parabolic SAR vs Vortex Indicator (VI)

Table of content

General Information Comparison

Characteristics Comparison

  • Lagging or Leading 🏁
    Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.
    For all*
    • Lagging
      Indicators that confirm trends after they have started

  • Complexity Level 🧑
    Indicates the level of expertise required to effectively use the indicator
    For all*

  • Popularity 🏆
    Indicates how widely used and recognized the indicator is in the trading community
    Zigzag Indicator
    • Medium
      The popularity of Zigzag Indicator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
    Parabolic SAR
    • Medium
      The popularity of Parabolic SAR among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
    Vortex Indicator (VI)
    • Low
      The popularity of Vortex Indicator (VI) 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 indicator
    Zigzag Indicator
    • Often used in conjunction with Fibonacci retracements
    Parabolic SAR
    • SAR stands for "Stop And Reverse"
    Vortex Indicator (VI)
    • Inspired by the vortex concept in fluid dynamics

  • Sarcastic Fact 😉
    A humorous or ironic observation about the trading indicator
    Zigzag Indicator
    • Sarcastically called the 'hindsight is 20/20' indicator
    Parabolic SAR
    • It's like a clingy ex - always trying to catch up with the price
    Vortex Indicator (VI)
    • It's like a weather vane for market trends

Application Comparison

  • Timeframe 🕑
    The time intervals or periods for which the trading indicator is most effective or commonly used.
    Zigzag Indicator
    • Any
      Zigzag Indicator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
    Parabolic SAR
    • 1-Hour
      Parabolic SAR is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
    • 4-Hour
      Parabolic SAR is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
    • Daily
      Parabolic SAR is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
    Vortex Indicator (VI)
    • Daily
      Vortex Indicator (VI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Technical Details Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Zigzag Indicator
Linear Regression Indicator
Known for Predicting Price Trends
🔀 is more versatile than Parabolic SAR
Average Directional Index (ADX)
Known for Trend Strength Without Direction
💯 is more reliable than Parabolic SAR
🔀 is more versatile than Parabolic SAR
🔧 is more customizable than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
Price Channel
Known for Range-Bound Trading
💻 is easier to use than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
Elder Impulse System
Known for Combining Trend And Momentum
💻 is easier to use than Parabolic SAR
Heikin Ashi Candlesticks
Known for Smoothing Price Action
💻 is easier to use than Parabolic SAR
🔀 is more versatile than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
Slow Stochastic
Known for Momentum Measurement
💯 is more reliable than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
Moving Average Envelope
Known for Price Range Visualization
💯 is more reliable than Parabolic SAR
💻 is easier to use than Parabolic SAR
🔀 is more versatile than Parabolic SAR
🔧 is more customizable than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
Donchian Channels
Known for Simplicity And Effectiveness
💯 is more reliable than Parabolic SAR
💻 is easier to use than Parabolic SAR
🔀 is more versatile than Parabolic SAR
🔧 is more customizable than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
Directional Movement Index (DMI)
Known for Strength Of Price Movement
💯 is more reliable than Parabolic SAR
🔀 is more versatile than Parabolic SAR
🔧 is more customizable than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages
🔀 is more versatile than Parabolic SAR
🔧 is more customizable than Parabolic SAR
⭐ is rated higher overall than Parabolic SAR