Compact mode

Aroon Up And Down vs Relative Vigor Index (RVI) vs Percentage Volume Oscillator (PVO)

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.

Aroon Up and Down

Trend

Aroon Up and Down is a Trend type indicator. Indicators that help identify and confirm market trends

Relative Vigor Index (RVI)

Momentum

Relative Vigor Index (RVI) is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.

Percentage Volume Oscillator (PVO)

Volume

Percentage Volume Oscillator (PVO) 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 used

For all*

Stocks

Indicators optimized for analyzing and predicting stock price movements in equity markets.

Aroon Up and Down

Forex

The asset classes Aroon Up and Down 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 Aroon Up and Down is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Relative Vigor Index (RVI)

Forex

The asset classes Relative Vigor Index (RVI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

Percentage Volume Oscillator (PVO)

Commodities

The asset classes Percentage Volume Oscillator (PVO) 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

Aroon Up and Down

Identifying Potential Trend Changes

Aroon Up and Down is known for Identifying Potential Trend Changes.

Relative Vigor Index (RVI)

Trend Confirmation

Relative Vigor Index (RVI) is known for Trend Confirmation.

Percentage Volume Oscillator (PVO)

Identifying Volume Trends

Percentage Volume Oscillator (PVO) is known for Identifying Volume Trends.
Made In 🌍

The country or origin of the trading indicator

Aroon Up and Down

USA

Aroon Up and Down was developed in USA. Trading indicators developed by American market analysts

Relative Vigor Index (RVI)

Russia

Relative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian market analysts

Percentage Volume Oscillator (PVO)

1990S

Percentage Volume Oscillator (PVO) was developed in 1990S. Trading indicators created during the dot-com boom era Click to see all.

Characteristics Comparison

Lagging or Leading 🏁

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

For all*

Leading

Indicators that predict future price movements
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

For all*

Intermediate

Indicators balancing complexity and usability for traders with some experience.
Popularity 🏆

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

Aroon Up and Down

Medium

The popularity of Aroon Up and Down among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Relative Vigor Index (RVI)

Low

The popularity of Relative Vigor Index (RVI) among traders is considered Low. Indicators with lower adoption but potential unique insights

Percentage Volume Oscillator (PVO)

Low

The popularity of Percentage Volume Oscillator (PVO) 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 indicator

Aroon Up and Down

Developed by Tushar Chande in 1995

Relative Vigor Index (RVI)

Developed by John Ehlers

Percentage Volume Oscillator (PVO)

Adapted from the Percentage Price Oscillator (PPO) for volume analysis
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

Aroon Up and Down

Even Aroon can't predict when your investments will go 'Aroon-d' the bend!

Relative Vigor Index (RVI)

It's like measuring the market's caffeine intake

Percentage Volume Oscillator (PVO)

Oscillates so much it might make you seasick

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.

Aroon Up and Down

Weekly

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

Relative Vigor Index (RVI)

Weekly

Relative Vigor Index (RVI) 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.

Aroon Up and Down

Statistical

Aroon Up and Down uses the Statistical calculation method. Indicators using statistical methods for market analysis and prediction. Click to see all.

Relative Vigor Index (RVI)

Oscillators

Relative Vigor Index (RVI) uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.

Percentage Volume Oscillator (PVO)

Volume

Percentage Volume Oscillator (PVO) uses the Volume calculation method. Indicators using trading volume data to analyze market trends and momentum. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

For all*

Crossovers

Indicators that generate signals when one line crosses another, indicating trend changes

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 indicator

For all*

Period

Enables customization of analysis timeframe

Aroon Up and Down

Thresholds

Aroon Up and Down offers customization options for Thresholds. Customizable thresholds for signal generation Click to see all.

Relative Vigor Index (RVI)

Signal Line

Relative Vigor Index (RVI) offers customization options for Signal Line. Customizable signal line for precise trend identification Click to see all.

Percentage Volume Oscillator (PVO)

Signal Line

Percentage Volume Oscillator (PVO) offers customization options for Signal Line. Customizable signal line for precise trend identification Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Aroon Up and Down

Technical Analysts

Aroon Up and Down is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.

Swing Traders

Aroon Up and Down is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.

Relative Vigor Index (RVI)

Technical Traders

Relative Vigor Index (RVI) is designed for Technical Traders. Offers advanced technical analysis tools, ideal for chart-based trading strategies Click to see all.

Percentage Volume Oscillator (PVO)

Volume Analysts

Percentage Volume Oscillator (PVO) is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.

Momentum Traders

Percentage Volume Oscillator (PVO) is designed for Momentum Traders. Identifies and measures strength of price movements, ideal for capturing market momentum Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Aroon Up and Down

Trend Strength Analysis

Aroon Up and Down is primarily used for Trend Strength Analysis.

Trend Reversals

Aroon Up and Down is primarily used for Trend Reversals. Indicators that help traders spot potential changes in market direction Click to see all.

Relative Vigor Index (RVI)

Measuring Buying/Selling Vigor

Relative Vigor Index (RVI) is primarily used for Measuring Buying/Selling Vigor. Indicators that assess strength of buying and selling pressure Click to see all.

Percentage Volume Oscillator (PVO)

Volume Trend

Percentage Volume Oscillator (PVO) is primarily used for Volume Trend. Tools that analyze trading volume patterns over time Click to see all.

Divergences

Percentage Volume Oscillator (PVO) is primarily used for Divergences.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Aroon Up and Down

Measures Trend Strength

Indicates Potential Reversals

Easy To Interpret

Relative Vigor Index (RVI)

Compares Closing Prices To Trading Ranges

Less Known And Unique

Offers alternative perspectives on market dynamics, potentially providing an edge

Percentage Volume Oscillator (PVO)

Helps Identify Volume Divergences

Good For Confirming Price Trends
Cons 👎

Disadvantages or limitations of the trading indicator

Aroon Up and Down

Can Produce False Signals

Lag In Volatile Markets

Limited Use In Ranging Markets

Relative Vigor Index (RVI)

Can Be Unreliable In Ranging Markets

Indicators that excel in sideways or consolidating markets, providing accurate signals Click to see all.

Requires Confirmation

Refers to indicators that need additional validation before acting on their signals. Click to see all.

Percentage Volume Oscillator (PVO)

Can Be Less Effective In Low-Volume Markets

Requires Understanding Of Volume Analysis

Describes indicators that need knowledge of volume interpretation for effective use. Click to see all.