Compact mode
Supertrend Indicator vs Detrended Price Oscillator (DPO) vs Trend Magic
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*- TrendIndicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedSupertrend Indicator- StocksThe 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.
- ForexThe 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.
- CryptocurrenciesThe 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.
Detrended Price Oscillator (DPO)- StocksThe asset classes Detrended Price Oscillator (DPO) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesThe asset classes Detrended Price Oscillator (DPO) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Trend Magic- ForexThe 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.
- CryptocurrenciesThe 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 indicatorSupertrend Indicator- Simplifying Trend FollowingSupertrend Indicator is known for Simplifying Trend Following.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Made In 🌍
The country or origin of the trading indicatorSupertrend Indicator- 2000SSupertrend Indicator was developed in 2000S. Trading indicators developed in the early 21st century
Detrended Price Oscillator (DPO)- United StatesDetrended Price Oscillator (DPO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Trend Magic- 2000STrend 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.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorSupertrend IndicatorDetrended Price Oscillator (DPO)Trend MagicPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communitySupertrend Indicator- HighThe popularity of Supertrend Indicator among traders is considered High. Widely used and trusted indicators in the trading community
Detrended Price Oscillator (DPO)- LowThe popularity of Detrended Price Oscillator (DPO) among traders is considered Low. Indicators with lower adoption but potential unique insights
Trend Magic- LowThe 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 indicatorSupertrend Indicator- Popular among algorithmic traders for its simplicity
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorSupertrend Indicator- So super it might need a cape and tights
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
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*- 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.Supertrend IndicatorDetrended Price Oscillator (DPO)Trend MagicSignal Generation 📊
Describes the methods by which the indicator produces trading signalsSupertrend Indicator- CrossoversSupertrend Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Detrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements
- DivergencesDetrended Price Oscillator (DPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Trend Magic- Color-Coded SignalsTrend 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 indicatorFor all*Supertrend IndicatorDetrended Price Oscillator (DPO)Trend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorSupertrend 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.
Detrended Price Oscillator (DPO)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorSupertrend 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.
Detrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorSupertrend Indicator- Easy To Interpret Buy/Sell Signals
- Adapts To Market VolatilityIndicators that adjust to changing market conditions and volatility levels
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Trend Magic- Easy To Interpret Color SignalsIndicators using intuitive color schemes for quick signal interpretation
- Filters Out Minor Price MovementsIndicators that focus on significant price changes, ignoring minor fluctuations
Cons 👎
Disadvantages or limitations of the trading indicatorSupertrend 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.
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorSupertrend IndicatorDetrended Price Oscillator (DPO)Trend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isSupertrend IndicatorDetrended Price Oscillator (DPO)Trend MagicVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesSupertrend IndicatorDetrended Price Oscillator (DPO)Trend MagicCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorSupertrend Indicator- 5.5The customization score for Supertrend Indicator is 5.5 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Trend Magic- 5.5The customization score for Trend Magic is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsSupertrend IndicatorDetrended Price Oscillator (DPO)Trend Magic
Alternatives to Supertrend Indicator
Price Channel
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Momentum Indicator
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Stochastic Oscillator
Known for Momentum And Trend Reversal
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Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is more reliable than Supertrend Indicator
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is easier to use than Supertrend Indicator
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Elder Impulse System
Known for Combining Trend And Momentum
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Simple Moving Average (SMA)
Known for Smooth Price Movements
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is more reliable than Supertrend Indicator
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is more customizable than Supertrend Indicator
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is rated higher overall than Supertrend Indicator
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is more versatile than Supertrend Indicator
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is more customizable than Supertrend Indicator
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is rated higher overall than Supertrend Indicator
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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is more versatile than Supertrend Indicator
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is more customizable than Supertrend Indicator
Bollinger Bands
Known for Volatility And Trend Strength
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is more reliable than Supertrend Indicator
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is more versatile than Supertrend Indicator
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is more customizable than Supertrend Indicator
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is rated higher overall than Supertrend Indicator