Compact mode

Supertrend Indicator vs Price Channel vs Parabolic SAR

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.

For all*

Trend

Indicators that help identify and confirm market trends
Asset Class 💰

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

Supertrend Indicator

Stocks

The asset classes Supertrend Indicator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Forex

The 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.

Cryptocurrencies

The 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

Stocks

The asset classes Price Channel is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Futures

The asset classes Price Channel is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.

Commodities

The 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.

Parabolic SAR

Forex

The asset classes Parabolic SAR is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

Commodities

The asset classes Parabolic SAR is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Known for 💭

The unique selling point or distinguishing feature of the trading indicator

Supertrend Indicator

Simplifying Trend Following

Supertrend Indicator is known for Simplifying Trend Following.

Price Channel

Range-Bound Trading

Price Channel is known for Range-Bound Trading.

Parabolic SAR

Trend Reversal And Exit Points

Parabolic SAR is known for Trend Reversal And Exit Points.
Made In 🌍

The country or origin of the trading indicator

Supertrend Indicator

2000S

Supertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century

Price Channel

United States

Price Channel was developed in United States. Indicators developed in the USA, reflecting American trading principles

Parabolic SAR

1978

Parabolic SAR was developed in 1978. Trading indicators specifically developed in 1978

Characteristics Comparison

Lagging or Leading 🏁

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

Supertrend Indicator

Leading

Supertrend Indicator is a Leading indicator. Indicators that predict future price movements Click to see all.

Price Channel

Lagging

Price Channel is a Lagging indicator. Indicators that confirm trends after they have started

Parabolic SAR

Lagging

Parabolic SAR is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

Supertrend Indicator

Beginner

The complexity level of Supertrend Indicator is Beginner. Simple and easy-to-understand indicators suitable for novice traders. Click to see all.

Price Channel

Beginner

The complexity level of Price Channel is Beginner. Simple and easy-to-understand indicators suitable for novice traders. Click to see all.

Parabolic SAR

Intermediate

The complexity level of Parabolic SAR is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.
Popularity 🏆

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

Supertrend Indicator

High

The popularity of Supertrend Indicator among traders is considered High. Widely used and trusted indicators in the trading community

Price Channel

Medium

The popularity of Price Channel 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

Facts Comparison

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

Supertrend Indicator

Popular among algorithmic traders for its simplicity

Price Channel

Originally popularized by Richard Donchian in the 1950s

Parabolic SAR

SAR stands for "Stop And Reverse"
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

Supertrend Indicator

So super it might need a cape and tights

Price Channel

Sometimes called the "rich man's Bollinger Bands" due to its simplicity

Parabolic SAR

It's like a clingy ex - always trying to catch up with the price

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.

Supertrend Indicator

Weekly

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

Price Channel

Weekly

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

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

Technical Details Comparison

Calculation Method 🧮

The mathematical or analytical approach used to compute the trading indicator's values.

Supertrend Indicator

ATR-Based

Supertrend Indicator uses the ATR-Based calculation method. Indicators using Average True Range to measure market volatility and set stop-losses. Click to see all.

Price Channel

Price-Based

Price Channel uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.

Parabolic SAR

Price-Based

Parabolic SAR uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Supertrend Indicator

Crossovers

Supertrend Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Price Channel

Breakouts

Price Channel generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends

Parabolic SAR

Breakouts

Parabolic SAR generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

Supertrend Indicator

Period

Supertrend Indicator offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Multiplier

Supertrend Indicator offers customization options for Multiplier. Allows customization of indicator's sensitivity or magnitude Click to see all.

Price Channel

Period

Price Channel offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Parabolic SAR

Acceleration Factor

Parabolic SAR offers customization options for Acceleration Factor. Refers to indicators that allow adjustment of the rate at which they respond to price changes. Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Supertrend Indicator

Trend Followers

Supertrend Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.

Day Traders

Supertrend Indicator is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.

Price Channel

Trend Followers

Price Channel is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.

Parabolic SAR

Trend Traders

Parabolic SAR is designed for Trend Traders. Highlights direction and strength of market trends, crucial for trend-based strategies Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Supertrend Indicator

Trend Direction

Supertrend 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 Placement

Supertrend Indicator is primarily used for Stop Loss Placement. Indicators that help determine optimal stop loss levels Click to see all.

Price Channel

Trend Strength Assessment

Price Channel is primarily used for Trend Strength Assessment.

Parabolic SAR

Stop And Reverse Signals

Parabolic SAR is primarily used for Stop And Reverse Signals. Indicators that suggest closing positions and reversing direction Click to see all.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Supertrend Indicator

Easy To Interpret Buy/Sell Signals

Adapts To Market Volatility

Indicators that adjust to changing market conditions and volatility levels

Price Channel

Easy To Interpret Visually

Indicators with clear visual representations for quick market analysis

Useful For Identifying Breakouts

Parabolic SAR

Provides Clear Entry/Exit Signals

Offers precise timing for opening and closing trades, enhancing trade management

Works Well In Trending Markets

Indicators that excel at identifying and confirming strong market trends
Cons 👎

Disadvantages or limitations of the trading indicator

Supertrend Indicator

Can Give False Signals In Choppy Markets

Lag In Trend Reversals

Indicators 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

Parabolic SAR

Prone To Whipsaws In Ranging Markets