Compact mode
Percentage Price Oscillator (PPO) vs Ultimate 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.For all*Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Percentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorPercentage Price Oscillator (PPO)- Relative Strength MeasurementPercentage Price Oscillator (PPO) is known for Relative Strength Measurement.
Ultimate Oscillator- Multi-Timeframe AnalysisUltimate Oscillator is known for Multi-Timeframe Analysis.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorPercentage Price Oscillator (PPO)- United StatesPercentage Price Oscillator (PPO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Ultimate Oscillator- United StatesUltimate 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 indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityPercentage Price Oscillator (PPO)- MediumThe popularity of Percentage Price Oscillator (PPO) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Ultimate Oscillator- MediumThe popularity of Ultimate 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 indicatorPercentage Price Oscillator (PPO)- Similar to MACD but uses percentage for comparison
Ultimate Oscillator- Created by Larry Williams in 1976
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorPercentage Price Oscillator (PPO)- It's the MACD's hipster cousin
Ultimate Oscillator- It's like a three-course meal of technical analysis
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.
Percentage Price Oscillator (PPO)- WeeklyPercentage Price Oscillator (PPO) 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.For all*Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- DivergencesIndicators that show discrepancies between price and indicator movements, suggesting potential reversals
Percentage Price Oscillator (PPO)- CrossoversPercentage Price Oscillator (PPO) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Ultimate Oscillator- ThresholdsUltimate Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Relative Vigor Index (RVI)- CrossoversRelative Vigor Index (RVI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Percentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorPercentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorPercentage Price Oscillator (PPO)- Comparing Momentum Across AssetsPercentage Price Oscillator (PPO) is primarily used for Comparing Momentum Across Assets.
Ultimate Oscillator- Reducing False DivergencesUltimate Oscillator is primarily used for Reducing False Divergences.
Relative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorPercentage Price Oscillator (PPO)- Useful For Comparing Assets
- Adaptable To Different Timeframes
Ultimate Oscillator- Combines Short Medium And Long-Term IndicatorsIndicators analyzing short, medium, and long-term market trends simultaneously
- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
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 indicatorPercentage Price Oscillator (PPO)- Can Produce False Signals In Ranging Markets
- Requires Context
Ultimate Oscillator- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Requires Context For Interpretation
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorPercentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isPercentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesPercentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorPercentage Price Oscillator (PPO)- 7.5The customization score for Percentage Price Oscillator (PPO) is 7.5 out of 10.
Ultimate Oscillator- 7The customization score for Ultimate Oscillator is 7 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 metricsPercentage Price Oscillator (PPO)Ultimate OscillatorRelative Vigor Index (RVI)
Alternatives to Percentage Price Oscillator (PPO)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
💯
is more reliable than Ultimate Oscillator
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
💯
is more reliable than Ultimate Oscillator
💻
is easier to use than Ultimate Oscillator
Elder-Ray Index
Known for Combining Trend And Momentum
💯
is more reliable than Ultimate Oscillator
🔧
is more customizable than Ultimate Oscillator
⭐
is rated higher overall than Ultimate Oscillator
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
💯
is more reliable than Ultimate Oscillator
⭐
is rated higher overall than Ultimate Oscillator
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
💻
is easier to use than Ultimate Oscillator
⭐
is rated higher overall than Ultimate Oscillator
Know Sure Thing (KST)
Known for Trend Strength Measurement
💯
is more reliable than Ultimate Oscillator
🔧
is more customizable than Ultimate Oscillator
Fast Stochastic
Known for Rapid Momentum Shifts
💯
is more reliable than Ultimate Oscillator
Money Flow Index (MFI)
Known for Volume And Price Movements
💯
is more reliable than Ultimate Oscillator
💻
is easier to use than Ultimate Oscillator
⭐
is rated higher overall than Ultimate Oscillator
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
💯
is more reliable than Ultimate Oscillator
💻
is easier to use than Ultimate Oscillator
⭐
is rated higher overall than Ultimate Oscillator
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💯
is more reliable than Ultimate Oscillator
💻
is easier to use than Ultimate Oscillator
⭐
is rated higher overall than Ultimate Oscillator