Compact mode
Triple Exponential Average (TRIX) vs McClellan Oscillator vs Relative Vigor Index (RVI)
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)McClellan OscillatorRelative Vigor Index (RVI)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Triple Exponential Average (TRIX)Relative Vigor Index (RVI)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.
McClellan Oscillator- Identifying Market TrendsMcClellan Oscillator is known for Identifying Market Trends.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
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
McClellan Oscillator- United StatesMcClellan Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Relative Vigor Index (RVI)- RussiaRelative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian 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)McClellan OscillatorRelative Vigor Index (RVI)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
McClellan Oscillator- MediumThe popularity of McClellan Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Relative Vigor Index (RVI)- LowThe popularity of Relative Vigor Index (RVI) 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
McClellan Oscillator- Created by Sherman and Marian McClellan in 1969
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorTriple Exponential Average (TRIX)- It's like a smoothie blender for price data
McClellan Oscillator- It's like taking the market's temperature with a fancy thermometer
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
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.
Triple Exponential Average (TRIX)- WeeklyTriple Exponential Average (TRIX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Relative Vigor Index (RVI)- WeeklyRelative Vigor Index (RVI) 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.Triple Exponential Average (TRIX)McClellan OscillatorRelative Vigor Index (RVI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Triple Exponential Average (TRIX)- DivergencesTriple Exponential Average (TRIX) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
McClellan Oscillator- ThresholdsMcClellan Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Relative Vigor Index (RVI)- DivergencesRelative Vigor Index (RVI) 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 indicatorTriple Exponential Average (TRIX)- PeriodTriple Exponential Average (TRIX) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- SmoothingTriple Exponential Average (TRIX) offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.
McClellan OscillatorRelative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorTriple Exponential Average (TRIX)McClellan OscillatorRelative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorTriple Exponential Average (TRIX)McClellan OscillatorRelative Vigor Index (RVI)
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
McClellan Oscillator- Effective For Overall Market AnalysisIndicators providing broad insights into overall market conditions
- Good For Timing Entries/Exits
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge
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
McClellan Oscillator- Specific To Stock MarketsIndicates that some indicators are designed primarily for stock market analysis. Click to see all.
- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorTriple Exponential Average (TRIX)McClellan OscillatorRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isFor all*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesTriple Exponential Average (TRIX)McClellan OscillatorRelative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorTriple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
McClellan Oscillator- 6.5The customization score for McClellan Oscillator is 6.5 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsTriple Exponential Average (TRIX)McClellan OscillatorRelative Vigor Index (RVI)
Alternatives to Triple Exponential Average (TRIX)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
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is more versatile than Triple Exponential Average (TRIX)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more customizable than Triple Exponential Average (TRIX)
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is rated higher overall than Triple Exponential Average (TRIX)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is easier to use than Triple Exponential Average (TRIX)
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is rated higher overall than Triple Exponential Average (TRIX)
Know Sure Thing (KST)
Known for Trend Strength Measurement
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is more customizable than Triple Exponential Average (TRIX)
Volume Oscillator
Known for Volume Divergence
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is easier to use than Triple Exponential Average (TRIX)
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is rated higher overall than Triple Exponential Average (TRIX)
Elder Triple Screen
Known for Trend-Momentum Alignment
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is more reliable than Triple Exponential Average (TRIX)
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is more versatile than Triple Exponential Average (TRIX)
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is more customizable than Triple Exponential Average (TRIX)
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is rated higher overall than Triple Exponential Average (TRIX)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is easier to use than Triple Exponential Average (TRIX)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is easier to use than Triple Exponential Average (TRIX)
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is more versatile than Triple Exponential Average (TRIX)
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is rated higher overall than Triple Exponential Average (TRIX)