Compact mode
Rate Of Change (ROC) vs Zigzag Indicator vs Triple Exponential Average (TRIX)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Rate of Change (ROC)Zigzag Indicator- TrendZigzag Indicator is a Trend type indicator. Indicators that help identify and confirm market trends
Triple Exponential Average (TRIX)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.
- 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.
Zigzag IndicatorKnown 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.
Zigzag Indicator- Filtering Market NoiseZigzag Indicator is known for Filtering Market Noise.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
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
Zigzag Indicator- UnknownZigzag Indicator was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Triple Exponential Average (TRIX)- United StatesTriple Exponential Average (TRIX) 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.Rate of Change (ROC)Zigzag Indicator- LaggingZigzag Indicator is a Lagging indicator. Indicators that confirm trends after they have started
Triple Exponential Average (TRIX)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)Popularity 🏆
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 indicatorRate of Change (ROC)- One of the oldest momentum indicators still in use today
Zigzag Indicator- Often used in conjunction with Fibonacci retracements
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRate of Change (ROC)- Jokingly called the 'market speedometer' by some traders
Zigzag Indicator- Sarcastically called the 'hindsight is 20/20' indicator
Triple Exponential Average (TRIX)- It's like a smoothie blender for price data
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.
Zigzag Indicator- AnyZigzag Indicator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Triple Exponential Average (TRIX)- DailyTriple Exponential Average (TRIX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyTriple Exponential Average (TRIX) 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.Rate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)Signal 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
Zigzag Indicator- BreakoutsZigzag Indicator generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Triple Exponential Average (TRIX)- CrossoversTriple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesTriple Exponential Average (TRIX) 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 indicatorRate of Change (ROC)Zigzag Indicator- Percentage ChangeZigzag Indicator offers customization options for Percentage Change. Allows customization of price movement percentage thresholds Click to see all.
- DepthZigzag Indicator offers customization options for Depth. Enables fine-tuning of indicator sensitivity to market movements Click to see all.
Triple Exponential Average (TRIX)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)Purpose 📈
The primary purpose or application of the trading indicatorRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)
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
Zigzag Indicator- Helps Identify Significant Price Movements
- Useful For Elliot Wave AnalysisIndicators that complement Elliot Wave theory for advanced technical analysis
Triple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends
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.
Zigzag Indicator- Can Be Redrawn As New Price Data Comes InIndicators that maintain consistent historical data, providing reliable backtesting and analysis Click to see all.
- Prone To Lag In Fast-Moving Markets
Triple Exponential Average (TRIX)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorRate of Change (ROC)- 6.5The customization score for Rate of Change (ROC) is 6.5 out of 10.
Zigzag Indicator- 8The customization score for Zigzag Indicator is 8 out of 10.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsRate of Change (ROC)Zigzag IndicatorTriple Exponential Average (TRIX)
Alternatives to 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)
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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)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more customizable than Rate of Change (ROC)
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators
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is more reliable than Rate of Change (ROC)
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is more versatile than Rate of Change (ROC)
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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)