Compact mode
Simple Moving Average (SMA) vs Supertrend Indicator
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*- TrendIndicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*Known for 💭
The unique selling point or distinguishing feature of the trading indicatorSimple Moving Average (SMA)- Smooth Price MovementsSimple Moving Average (SMA) is known for Smooth Price Movements.
Supertrend Indicator- Simplifying Trend FollowingSupertrend Indicator is known for Simplifying Trend Following.
Made In 🌍
The country or origin of the trading indicatorSimple Moving Average (SMA)- United StatesSimple Moving Average (SMA) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Supertrend Indicator- 2000SSupertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Simple Moving Average (SMA)- LaggingSimple Moving Average (SMA) is a Lagging indicator. Indicators that confirm trends after they have started
Supertrend IndicatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*- HighWidely used and trusted indicators in the trading community
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorSimple Moving Average (SMA)- Oldest and most basic technical indicator
Supertrend Indicator- Popular among algorithmic traders for its simplicity
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorSimple Moving Average (SMA)- Even your grandma could calculate it
Supertrend Indicator- So super it might need a cape and tights
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.
Supertrend Indicator- WeeklySupertrend Indicator 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.Simple Moving Average (SMA)Supertrend IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorBoth*Supertrend Indicator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorSimple Moving Average (SMA)- BeginnersSimple Moving Average (SMA) is designed for Beginners. Simple and easy-to-understand tools for novice traders Click to see all.
- Long-Term InvestorsSimple Moving Average (SMA) is designed for Long-Term Investors. Emphasizes long-term trends and fundamental analysis, suited for buy-and-hold strategies Click to see all.
Supertrend Indicator- Trend FollowersSupertrend Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
- Day TradersSupertrend Indicator is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorSimple Moving Average (SMA)- Trend IdentificationSimple Moving Average (SMA) is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Support And ResistanceSimple Moving Average (SMA) is primarily used for Support And Resistance. Indicators that identify key price levels where trends may pause or reverse Click to see all.
Supertrend Indicator- Trend DirectionSupertrend 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 PlacementSupertrend Indicator is primarily used for Stop Loss Placement. Indicators that help determine optimal stop loss levels Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorSimple Moving Average (SMA)- Easy To UnderstandIndicators with straightforward concepts and interpretations
- Widely UsedPopular indicators trusted by many traders for market analysis
Supertrend Indicator- Easy To Interpret Buy/Sell Signals
- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels
Cons 👎
Disadvantages or limitations of the trading indicatorSimple Moving Average (SMA)- Lag In Fast-Moving Markets
- May Miss Sudden Price ChangesIndicates that some indicators might not capture rapid market movements effectively. Click to see all.
Supertrend Indicator- Can Give False Signals In Choppy Markets
- Lag In Trend ReversalsIndicators that may be slow to signal trend reversals, potentially delaying important trading decisions. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorSimple Moving Average (SMA)Supertrend IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isSimple Moving Average (SMA)Supertrend IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesSimple Moving Average (SMA)Supertrend IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorSimple Moving Average (SMA)- 6The customization score for Simple Moving Average (SMA) is 6 out of 10.
Supertrend Indicator- 5.5The customization score for Supertrend Indicator is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsSimple Moving Average (SMA)Supertrend Indicator
Alternatives to Simple Moving Average (SMA)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more customizable than Simple Moving Average (SMA)
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is rated higher overall than Simple Moving Average (SMA)
Directional Movement Index (DMI)
Known for Strength Of Price Movement
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is more versatile than Simple Moving Average (SMA)
🔧
is more customizable than Simple Moving Average (SMA)
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is rated higher overall than Simple Moving Average (SMA)
Moving Average Envelope
Known for Price Range Visualization
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is more customizable than Simple Moving Average (SMA)
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is rated higher overall than Simple Moving Average (SMA)
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is more versatile than Simple Moving Average (SMA)
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is more customizable than Simple Moving Average (SMA)
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more versatile than Simple Moving Average (SMA)
🔧
is more customizable than Simple Moving Average (SMA)
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is rated higher overall than Simple Moving Average (SMA)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is more versatile than Simple Moving Average (SMA)
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is more customizable than Simple Moving Average (SMA)
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is rated higher overall than Simple Moving Average (SMA)
Alligator Indicator
Known for Identifying Market Sleep And Awakening
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is more customizable than Simple Moving Average (SMA)
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more customizable than Simple Moving Average (SMA)