Compact mode
Triple Exponential Average (TRIX) vs Chande Momentum Oscillator (CMO) vs Market Facilitation Index (MFI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Triple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)- VolumeMarket Facilitation Index (MFI) 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 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.
Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorTriple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
Chande Momentum Oscillator (CMO)- Momentum MeasurementChande Momentum Oscillator (CMO) is known for Momentum Measurement.
Market Facilitation Index (MFI)- Relationship Between Price Movement And VolumeMarket Facilitation Index (MFI) is known for Relationship Between Price Movement And Volume.
Made In 🌍
The country or origin of the trading indicatorTriple Exponential Average (TRIX)- United StatesTriple Exponential Average (TRIX) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)- USAMarket Facilitation Index (MFI) was developed in USA. Trading indicators developed by American market analysts
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 indicatorTriple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityTriple Exponential Average (TRIX)- MediumThe popularity of Triple Exponential Average (TRIX) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Chande Momentum Oscillator (CMO)- LowThe popularity of Chande Momentum Oscillator (CMO) among traders is considered Low. Indicators with lower adoption but potential unique insights
Market Facilitation Index (MFI)- LowThe popularity of Market Facilitation Index (MFI) 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 indicatorTriple Exponential Average (TRIX)- Combines triple smoothing with momentum
Chande Momentum Oscillator (CMO)- Developed by Tushar Chande in 1994
Market Facilitation Index (MFI)- Developed by Bill Williams
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorTriple Exponential Average (TRIX)- It's like a smoothie blender for price data
Chande Momentum Oscillator (CMO)- It's the yoga of momentum indicators - flexible but disciplined
Market Facilitation Index (MFI)- It's like a traffic light for trades but sometimes all colors flash at once!
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Triple Exponential Average (TRIX)- DailyTriple Exponential Average (TRIX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyTriple Exponential Average (TRIX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Chande Momentum Oscillator (CMO)- DailyChande Momentum Oscillator (CMO) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyChande Momentum Oscillator (CMO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Market Facilitation Index (MFI)- All TimeframesMarket Facilitation Index (MFI) is most effective for All Timeframes timeframes. Versatile indicators suitable for any trading timeframe, from short-term to long-term analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Triple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsTriple Exponential Average (TRIX)- CrossoversTriple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesTriple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Chande Momentum Oscillator (CMO)- ThresholdsChande Momentum Oscillator (CMO) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesChande Momentum Oscillator (CMO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Market Facilitation Index (MFI)- Color ChangesMarket Facilitation Index (MFI) generates trading signals through Color Changes. Indicators using color shifts to visually represent changing market conditions
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Triple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorTriple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)- Professional TradersMarket Facilitation Index (MFI) is designed for Professional Traders. Offers advanced analysis tools, suitable for sophisticated trading strategies Click to see all.
- Volume AnalystsMarket Facilitation Index (MFI) is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorTriple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)- Market Efficiency AnalysisMarket Facilitation Index (MFI) is primarily used for Market Efficiency Analysis. Indicators that evaluate market information processing speed Click to see all.
- Trade Volume BalanceMarket Facilitation Index (MFI) is primarily used for Trade Volume Balance.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorTriple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends
Chande Momentum Oscillator (CMO)- Less Prone To WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Effective In Trending Markets
Market Facilitation Index (MFI)- Unique Volume-Price Relationship Analysis
- Identifies Market Phases
- Useful For Multiple Timeframes
Cons 👎
Disadvantages or limitations of the trading indicatorTriple Exponential Average (TRIX)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Potential Lag In Signals
Chande Momentum Oscillator (CMO)- Can Stay In Extreme Zones For Extended PeriodsIndicators that provide timely exit signals from overbought or oversold conditions Click to see all.
- Less KnownIndicators not widely recognized, potentially offering unique insights but with limited community support. Click to see all.
Market Facilitation Index (MFI)- Complex Interpretation
- Less Popular
- Requires Deep Market Understanding
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isTriple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesTriple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsTriple Exponential Average (TRIX)Chande Momentum Oscillator (CMO)Market Facilitation Index (MFI)
Alternatives to Triple Exponential Average (TRIX)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
🔀
is more versatile than Triple Exponential Average (TRIX)
Elder-Ray Index
Known for Combining Trend And Momentum
🔧
is more customizable than Triple Exponential Average (TRIX)
⭐
is rated higher overall than Triple Exponential Average (TRIX)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻
is easier to use than Triple Exponential Average (TRIX)
⭐
is rated higher overall than Triple Exponential Average (TRIX)
Know Sure Thing (KST)
Known for Trend Strength Measurement
🔧
is more customizable than Triple Exponential Average (TRIX)
Volume Oscillator
Known for Volume Divergence
💻
is easier to use than Triple Exponential Average (TRIX)
⭐
is rated higher overall than Triple Exponential Average (TRIX)
Elder Triple Screen
Known for Trend-Momentum Alignment
💯
is more reliable than Triple Exponential Average (TRIX)
🔀
is more versatile than Triple Exponential Average (TRIX)
🔧
is more customizable than Triple Exponential Average (TRIX)
⭐
is rated higher overall than Triple Exponential Average (TRIX)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
💻
is easier to use than Triple Exponential Average (TRIX)
🔀
is more versatile than Triple Exponential Average (TRIX)
⭐
is rated higher overall than Triple Exponential Average (TRIX)