Compact mode
Stochastic Oscillator vs Williams %R vs Fast Stochastic
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*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.
Stochastic OscillatorFast StochasticKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorStochastic Oscillator- Momentum And Trend ReversalStochastic Oscillator is known for Momentum And Trend Reversal.
Williams %R- Momentum And Potential ReversalsWilliams %R is known for Momentum And Potential Reversals.
Fast Stochastic- Rapid Momentum ShiftsFast Stochastic is known for Rapid Momentum Shifts.
Made In 🌍
The country or origin of the trading indicatorStochastic OscillatorWilliams %R- 1966Williams %R was developed in 1966. Trading indicators developed in the mid-1960s
Fast Stochastic- United StatesFast Stochastic 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.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorStochastic OscillatorWilliams %RFast StochasticPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityStochastic Oscillator- HighThe popularity of Stochastic Oscillator among traders is considered High. Widely used and trusted indicators in the trading community
Williams %R- MediumThe popularity of Williams %R among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Fast Stochastic- HighThe popularity of Fast Stochastic among traders is considered High. Widely used and trusted indicators in the trading community
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorStochastic Oscillator- Developed by George Lane
Williams %R- Developed by Larry Williams
Fast Stochastic- Often used in conjunction with Slow Stochastic for confirmation
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorStochastic Oscillator- It's as unpredictable as a teenager's mood swings
Williams %R- It's like a rollercoaster - the higher it goes the scarier the drop
Fast Stochastic- Nicknamed the "hare" in contrast to Slow Stochastic's "tortoise"
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Stochastic Oscillator- 5-MinuteStochastic Oscillator is most effective for 5-Minute timeframes. Indicators optimized for analyzing rapid market movements on a 5-minute timeframe
- 15-MinuteStochastic Oscillator is most effective for 15-Minute timeframes. Indicators suited for analyzing market data on a 15-minute timeframe
- 1-HourStochastic Oscillator is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
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
Fast Stochastic- DailyFast Stochastic is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- HourlyFast Stochastic is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Stochastic OscillatorWilliams %RFast StochasticSignal Generation 📊
Describes the methods by which the indicator produces trading signalsStochastic Oscillator- CrossoversStochastic Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- ThresholdsStochastic Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Williams %R- ThresholdsWilliams %R generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Fast Stochastic- CrossoversFast Stochastic generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesFast Stochastic 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 indicatorFor all*Stochastic OscillatorFast Stochastic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorStochastic OscillatorWilliams %RFast StochasticPurpose 📈
The primary purpose or application of the trading indicatorStochastic OscillatorWilliams %RFast Stochastic- Quick Entry/Exit SignalsFast Stochastic is primarily used for Quick Entry/Exit Signals.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorStochastic Oscillator- Effective For Ranging MarketsIndicators specialized in analyzing non-trending, range-bound markets
- Easy To UnderstandIndicators with straightforward concepts and interpretations
Williams %R- Similar To Stochastic
- Effective For Identifying Reversals
Fast Stochastic- Provides Earlier Signals Than Slow Stochastic
- Useful For Short-Term Trading
Cons 👎
Disadvantages or limitations of the trading indicatorStochastic Oscillator- Can Give False Signals In Strong Trends
Williams %RFast Stochastic
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isStochastic OscillatorWilliams %RFast StochasticVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorStochastic Oscillator- 7The customization score for Stochastic Oscillator is 7 out of 10.
Williams %R- 6.5The customization score for Williams %R is 6.5 out of 10.
Fast Stochastic- 6.5The customization score for Fast Stochastic is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsStochastic OscillatorWilliams %RFast Stochastic
Alternatives to Stochastic Oscillator
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than Stochastic Oscillator
🔧
is more customizable than Stochastic Oscillator
Relative Strength Index (RSI)
Known for Momentum Measurement
💯
is more reliable than Stochastic Oscillator
💻
is easier to use than Stochastic Oscillator
🔀
is more versatile than Stochastic Oscillator
⭐
is rated higher overall than Stochastic Oscillator
Dynamic Momentum Index
Known for Adapting To Market Volatility
🔀
is more versatile than Stochastic Oscillator
Supertrend Indicator
Known for Simplifying Trend Following
💯
is more reliable than Stochastic Oscillator
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
🔀
is more versatile than Stochastic Oscillator
⭐
is rated higher overall than Stochastic Oscillator
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
🔀
is more versatile than Stochastic Oscillator
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
🔀
is more versatile than Stochastic Oscillator
Rate Of Change (ROC)
Known for Speed Of Price Changes
💻
is easier to use than Stochastic Oscillator
🔀
is more versatile than Stochastic Oscillator
⭐
is rated higher overall than Stochastic Oscillator