Compact mode
Supertrend Indicator vs Price Channel vs On-Balance Volume (OBV)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Supertrend Indicator- TrendSupertrend Indicator is a Trend type indicator. Indicators that help identify and confirm market trends
Price Channel- TrendPrice Channel is a Trend type indicator. Indicators that help identify and confirm market trends
On-Balance Volume (OBV)- VolumeOn-Balance Volume (OBV) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Supertrend Indicator- ForexThe asset classes Supertrend Indicator is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesThe asset classes Supertrend Indicator is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Price Channel- FuturesThe asset classes Price Channel is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
- CommoditiesThe asset classes Price Channel is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
On-Balance Volume (OBV)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorSupertrend Indicator- Simplifying Trend FollowingSupertrend Indicator is known for Simplifying Trend Following.
Price Channel- Range-Bound TradingPrice Channel is known for Range-Bound Trading.
On-Balance Volume (OBV)- Volume Precedes Price MovementOn-Balance Volume (OBV) is known for Volume Precedes Price Movement.
Made In 🌍
The country or origin of the trading indicatorSupertrend Indicator- 2000SSupertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century
Price Channel- United StatesPrice Channel was developed in United States. Indicators developed in the USA, reflecting American trading principles
On-Balance Volume (OBV)- 1963On-Balance Volume (OBV) was developed in 1963. Trading indicators specifically created in 1963
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Supertrend IndicatorPrice Channel- LaggingPrice Channel is a Lagging indicator. Indicators that confirm trends after they have started
On-Balance Volume (OBV)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 communitySupertrend Indicator- HighThe popularity of Supertrend Indicator among traders is considered High. Widely used and trusted indicators in the trading community
Price Channel- MediumThe popularity of Price Channel among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
On-Balance Volume (OBV)- MediumThe popularity of On-Balance Volume (OBV) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorSupertrend Indicator- Popular among algorithmic traders for its simplicity
Price Channel- Originally popularized by Richard Donchian in the 1950s
On-Balance Volume (OBV)- Developed by Joe Granville
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorSupertrend Indicator- So super it might need a cape and tights
Price Channel- Sometimes called the "rich man's Bollinger Bands" due to its simplicity
On-Balance Volume (OBV)- It's the gossip column of indicators - always trying to predict the next big move
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.
Supertrend Indicator- WeeklySupertrend Indicator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Price Channel- 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.Supertrend IndicatorPrice ChannelOn-Balance Volume (OBV)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsSupertrend Indicator- CrossoversSupertrend Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Price Channel- BreakoutsPrice Channel generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
On-Balance Volume (OBV)- DivergencesOn-Balance Volume (OBV) 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 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.
Price ChannelOn-Balance Volume (OBV)Purpose 📈
The primary purpose or application of the trading 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.
Price Channel- Trend Strength AssessmentPrice Channel is primarily used for Trend Strength Assessment.
On-Balance Volume (OBV)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorSupertrend Indicator- Easy To Interpret Buy/Sell Signals
- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels
Price Channel- Easy To Interpret VisuallyIndicators with clear visual representations for quick market analysis
- Useful For Identifying Breakouts
On-Balance Volume (OBV)- Simple To Calculate
- Confirms Price Trends
Cons 👎
Disadvantages or limitations of the trading indicatorSupertrend 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.
Price Channel- Can Be Slow To React To Trend Changes
- May Generate False Signals In Choppy Markets
On-Balance Volume (OBV)- Can Be Affected By Large Block Trades
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorSupertrend IndicatorPrice ChannelOn-Balance Volume (OBV)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isSupertrend IndicatorPrice ChannelOn-Balance Volume (OBV)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsSupertrend IndicatorPrice ChannelOn-Balance Volume (OBV)
Alternatives to Supertrend Indicator
Moving Average Envelope
Known for Price Range Visualization
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is more reliable than Price Channel
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is more versatile than Price Channel
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is more customizable than Price Channel
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is rated higher overall than Price Channel
Donchian Channels
Known for Simplicity And Effectiveness
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is more reliable than Price Channel
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is more versatile than Price Channel
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is more customizable than Price Channel
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is rated higher overall than Price Channel
Pivot Points
Known for Identifying Potential Reversal Points
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is more versatile than Price Channel
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is more customizable than Price Channel
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is rated higher overall than Price Channel
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Price Channel
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is more versatile than Price Channel
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is more customizable than Price Channel
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is rated higher overall than Price Channel
Volume Oscillator
Known for Volume Divergence
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is more versatile than Price Channel
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is more customizable than Price Channel
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is rated higher overall than Price Channel
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Price Channel
🔀
is more versatile than Price Channel
🔧
is more customizable than Price Channel
⭐
is rated higher overall than Price Channel
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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is more versatile than Price Channel
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is more customizable than Price Channel
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more reliable than Price Channel
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is more versatile than Price Channel
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is more customizable than Price Channel
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is rated higher overall than Price Channel
Parabolic SAR
Known for Trend Reversal And Exit Points
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is more customizable than Price Channel
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages
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is more versatile than Price Channel
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is more customizable than Price Channel