Compact mode
Moving Average Convergence Divergence (MACD) vs Relative Vigor Index (RVI)
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.
Moving Average Convergence Divergence (MACD)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorMoving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorMoving Average Convergence Divergence (MACD)- 1960SMoving Average Convergence Divergence (MACD) was developed in 1960S. Trading indicators developed during a decade of economic growth and social change
Relative Vigor Index (RVI)- RussiaRelative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian market analysts
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Moving Average Convergence Divergence (MACD)- LaggingMoving Average Convergence Divergence (MACD) is a Lagging indicator. Indicators that confirm trends after they have started
Relative Vigor Index (RVI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityMoving Average Convergence Divergence (MACD)- HighThe popularity of Moving Average Convergence Divergence (MACD) among traders is considered High. Widely used and trusted indicators in the trading community
Relative Vigor Index (RVI)- LowThe popularity of Relative Vigor Index (RVI) 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 indicatorMoving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMoving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyIndicators 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.Moving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
- DivergencesIndicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorBoth*Moving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)
Usage Comparison
Purpose 📈
The primary purpose or application of the trading indicatorMoving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMoving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge
Cons 👎
Disadvantages or limitations of the trading indicatorMoving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMoving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isMoving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesMoving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)Customization 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 metricsMoving Average Convergence Divergence (MACD)Relative Vigor Index (RVI)
Alternatives to Moving Average Convergence Divergence (MACD)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more reliable than Relative Vigor Index (RVI)
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is easier to use than Relative Vigor Index (RVI)
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is more versatile than Relative Vigor Index (RVI)
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is rated higher overall than Relative Vigor Index (RVI)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
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is more reliable than Relative Vigor Index (RVI)
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is more versatile than Relative Vigor Index (RVI)
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is rated higher overall than Relative Vigor Index (RVI)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable than Relative Vigor Index (RVI)
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is more versatile than Relative Vigor Index (RVI)
⭐
is rated higher overall than Relative Vigor Index (RVI)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is more reliable than Relative Vigor Index (RVI)
💻
is easier to use than Relative Vigor Index (RVI)
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is more versatile than Relative Vigor Index (RVI)
🔧
is more customizable than Relative Vigor Index (RVI)
⭐
is rated higher overall than Relative Vigor Index (RVI)
Fast Stochastic
Known for Rapid Momentum Shifts
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is more reliable than Relative Vigor Index (RVI)
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is rated higher overall than Relative Vigor Index (RVI)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is more reliable than Relative Vigor Index (RVI)
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is easier to use than Relative Vigor Index (RVI)
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is rated higher overall than Relative Vigor Index (RVI)
Percentage Volume Oscillator (PVO)
Known for Identifying Volume Trends
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is more reliable than Relative Vigor Index (RVI)
Linear Regression Indicator
Known for Predicting Price Trends
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is more reliable than Relative Vigor Index (RVI)
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is rated higher overall than Relative Vigor Index (RVI)
Detrended Price Oscillator (DPO)
Known for Eliminating Long-Term Trends
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is more customizable than Relative Vigor Index (RVI)
Elder Force Index
Known for Combining Price And Volume
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is more versatile than Relative Vigor Index (RVI)