Compact mode
Rate Of Change (ROC) vs Williams %R
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Both*Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Rate of Change (ROC)- CommoditiesThe asset classes Rate of Change (ROC) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- CryptocurrenciesThe asset classes Rate of Change (ROC) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
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.
Williams %R- Momentum And Potential ReversalsWilliams %R is known for Momentum And Potential Reversals.
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
Williams %R- 1966Williams %R was developed in 1966. Trading indicators developed in the mid-1960s
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Both*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*- MediumIndicators with balanced adoption and potential effectiveness
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
Williams %R- Developed by Larry Williams
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRate of Change (ROC)- Jokingly called the 'market speedometer' by some traders
Williams %R- It's like a rollercoaster - the higher it goes the scarier the drop
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.
Williams %R- 15-MinuteWilliams %R is most effective for 15-Minute timeframes. Indicators suited for analyzing market data on a 15-minute timeframe
- 1-HourWilliams %R is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourWilliams %R 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.Rate of Change (ROC)Williams %RSignal Generation 📊
Describes the methods by which the indicator produces trading signalsRate of Change (ROC)- CrossoversRate of Change (ROC) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesRate of Change (ROC) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Williams %R- ThresholdsWilliams %R generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRate of Change (ROC)Williams %RPurpose 📈
The primary purpose or application of the trading indicatorRate of Change (ROC)Williams %R
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
Williams %R- Similar To Stochastic
- Effective For Identifying Reversals
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.
Williams %R
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRate of Change (ROC)Williams %RVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRate of Change (ROC)Williams %RCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorBoth*Score ⭐
The overall score of the trading indicator based on various performance metricsRate of Change (ROC)Williams %R
Alternatives to Rate of Change (ROC)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more customizable than Rate of Change (ROC)
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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is more reliable than Rate of Change (ROC)
🔧
is more customizable than Rate of Change (ROC)
Relative Strength Index (RSI)
Known for Momentum Measurement
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is more reliable than Rate of Change (ROC)
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators
💯
is more reliable than Rate of Change (ROC)
🔀
is more versatile than Rate of Change (ROC)
🔧
is more customizable than Rate of Change (ROC)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more customizable than Rate of Change (ROC)
Pivot Points
Known for Identifying Potential Reversal Points
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is more versatile than Rate of Change (ROC)
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is rated higher overall than Rate of Change (ROC)