Compact mode

Supertrend Indicator vs Price Channel vs Trend Magic

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.

For all*

Trend

Indicators that help identify and confirm market trends
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

Supertrend Indicator

Stocks

The asset classes Supertrend Indicator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Forex

The asset classes Supertrend Indicator is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

Cryptocurrencies

The asset classes Supertrend Indicator is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.

Price Channel

Stocks

The asset classes Price Channel is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Futures

The asset classes Price Channel is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.

Commodities

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

Trend Magic

Forex

The asset classes Trend Magic is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

Cryptocurrencies

The asset classes Trend Magic is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Known for 💭

The unique selling point or distinguishing feature of the trading indicator

Supertrend Indicator

Simplifying Trend Following

Supertrend Indicator is known for Simplifying Trend Following.

Price Channel

Range-Bound Trading

Price Channel is known for Range-Bound Trading.

Trend Magic

Simplifying Trend Analysis

Trend Magic is known for Simplifying Trend Analysis.
Made In 🌍

The country or origin of the trading indicator

Supertrend Indicator

2000S

Supertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century

Price Channel

United States

Price Channel was developed in United States. Indicators developed in the USA, reflecting American trading principles

Trend Magic

2000S

Trend Magic 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.

Supertrend Indicator

Leading

Supertrend Indicator is a Leading indicator. Indicators that predict future price movements Click to see all.

Price Channel

Lagging

Price Channel is a Lagging indicator. Indicators that confirm trends after they have started

Trend Magic

Leading

Trend Magic is a Leading indicator. Indicators that predict future price movements Click to see all.
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

For all*

Beginner

Simple and easy-to-understand indicators suitable for novice traders.
Popularity 🏆

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

Supertrend Indicator

High

The popularity of Supertrend Indicator among traders is considered High. Widely used and trusted indicators in the trading community

Price Channel

Medium

The popularity of Price Channel among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Trend Magic

Low

The popularity of Trend Magic 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

Supertrend Indicator

Popular among algorithmic traders for its simplicity

Price Channel

Originally popularized by Richard Donchian in the 1950s

Trend Magic

Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

Supertrend Indicator

So super it might need a cape and tights

Price Channel

Sometimes called the "rich man's Bollinger Bands" due to its simplicity

Trend Magic

So magical it might turn your losses into rabbits

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.

Weekly

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.

Supertrend Indicator

ATR-Based

Supertrend Indicator uses the ATR-Based calculation method. Indicators using Average True Range to measure market volatility and set stop-losses. Click to see all.

Price Channel

Price-Based

Price Channel uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.

Trend Magic

Moving Averages

Trend Magic uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Supertrend Indicator

Crossovers

Supertrend Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Price Channel

Breakouts

Price Channel generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends

Trend Magic

Color-Coded Signals

Trend Magic generates trading signals through Color-Coded Signals. Indicators using different colors to represent various trading signals or conditions
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

For all*

Period

Enables customization of analysis timeframe

Supertrend Indicator

Multiplier

Supertrend Indicator offers customization options for Multiplier. Allows customization of indicator's sensitivity or magnitude Click to see all.

Trend Magic

Smoothing

Trend Magic offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Supertrend Indicator

Trend Followers

Supertrend Indicator is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.

Day Traders

Supertrend Indicator is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.

Price Channel

Trend Followers

Price Channel is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.

Trend Magic

Forex Traders

Trend Magic is designed for Forex Traders. Specialized tools for analyzing currency pair movements and trends Click to see all.

Cryptocurrency Traders

Trend Magic is designed for Cryptocurrency Traders. Specialized tools for analyzing volatile digital asset markets Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Supertrend Indicator

Trend Direction

Supertrend 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 Placement

Supertrend Indicator is primarily used for Stop Loss Placement. Indicators that help determine optimal stop loss levels Click to see all.

Price Channel

Trend Strength Assessment

Price Channel is primarily used for Trend Strength Assessment.

Trend Magic

Trend Direction

Trend Magic is primarily used for Trend Direction. Indicators that help determine the overall direction of price movement in a market Click to see all.

Entry Points

Trend Magic is primarily used for Entry Points. Indicators for optimal trade entry timing Click to see all.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Supertrend Indicator

Easy To Interpret Buy/Sell Signals

Adapts To Market Volatility

Indicators that adjust to changing market conditions and volatility levels

Price Channel

Easy To Interpret Visually

Indicators with clear visual representations for quick market analysis

Useful For Identifying Breakouts

Trend Magic

Easy To Interpret Color Signals

Indicators using intuitive color schemes for quick signal interpretation

Filters Out Minor Price Movements

Indicators that focus on significant price changes, ignoring minor fluctuations
Cons 👎

Disadvantages or limitations of the trading indicator

Supertrend Indicator

Can Give False Signals In Choppy Markets

Lag In Trend Reversals

Indicators that may be slow to signal trend reversals, potentially delaying important trading decisions. Click to see all.

Price Channel

Can Be Slow To React To Trend Changes

May Generate False Signals In Choppy Markets

Trend Magic

Can Be Late In Signaling Trend Changes

Indicators designed to identify potential trend changes as early as possible. Click to see all.

Less Known And Tested Than Other Indicators

Indicators with limited historical testing, potentially introducing uncertainty in their reliability. Click to see all.