Compact mode
Volume Weighted Moving Average (VWMA) vs Relative Vigor Index (RVI) vs Percentage Volume Oscillator (PVO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Volume Weighted Moving Average (VWMA)- VolumeVolume Weighted Moving Average (VWMA) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)- VolumePercentage Volume Oscillator (PVO) 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*Volume Weighted Moving Average (VWMA)Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorVolume Weighted Moving Average (VWMA)- Incorporating Volume Into Moving AveragesVolume Weighted Moving Average (VWMA) is known for Incorporating Volume Into Moving Averages.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Percentage Volume Oscillator (PVO)- Identifying Volume TrendsPercentage Volume Oscillator (PVO) is known for Identifying Volume Trends.
Made In 🌍
The country or origin of the trading indicatorVolume Weighted Moving Average (VWMA)Relative Vigor Index (RVI)- RussiaRelative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian market analysts
Percentage Volume Oscillator (PVO)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Volume Weighted Moving Average (VWMA)- LaggingVolume Weighted Moving Average (VWMA) is a Lagging indicator. Indicators that confirm trends after they have started
Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)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 communityVolume Weighted Moving Average (VWMA)- MediumThe popularity of Volume Weighted Moving Average (VWMA) 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
Percentage Volume Oscillator (PVO)- LowThe popularity of Percentage Volume Oscillator (PVO) 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 indicatorVolume Weighted Moving Average (VWMA)- Popular among algorithmic and high-frequency traders
Relative Vigor Index (RVI)- Developed by John Ehlers
Percentage Volume Oscillator (PVO)- Adapted from the Percentage Price Oscillator (PPO) for volume analysis
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorVolume Weighted Moving Average (VWMA)- So weighted it might sink your chart
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
Percentage Volume Oscillator (PVO)- Oscillates so much it might make you seasick
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.
Volume Weighted Moving Average (VWMA)- IntradayVolume Weighted Moving Average (VWMA) is most effective for Intraday timeframes. Indicators designed for short-term, within-day trading analysis and quick decision-making.
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.Volume Weighted Moving Average (VWMA)- Moving AveragesVolume Weighted Moving Average (VWMA) uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- VolumeVolume Weighted Moving Average (VWMA) uses the Volume calculation method. Indicators using trading volume data to analyze market trends and momentum. Click to see all.
Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)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
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
Percentage Volume Oscillator (PVO)- DivergencesPercentage Volume Oscillator (PVO) 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 indicatorFor all*Volume Weighted Moving Average (VWMA)Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorVolume Weighted Moving Average (VWMA)- Day TradersVolume Weighted Moving Average (VWMA) is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Institutional TradersVolume Weighted Moving Average (VWMA) is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)- Volume AnalystsPercentage Volume Oscillator (PVO) is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.
- Momentum TradersPercentage Volume Oscillator (PVO) is designed for Momentum Traders. Identifies and measures strength of price movements, ideal for capturing market momentum Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorVolume Weighted Moving Average (VWMA)- Support/ResistanceVolume Weighted Moving Average (VWMA) is primarily used for Support/Resistance. Indicators that highlight price levels where trends may stall or reverse Click to see all.
- Trend ConfirmationVolume Weighted Moving Average (VWMA) is primarily used for Trend Confirmation. Indicators that validate the strength and direction of price movements Click to see all.
Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)- Volume TrendPercentage Volume Oscillator (PVO) is primarily used for Volume Trend. Tools that analyze trading volume patterns over time Click to see all.
- DivergencesPercentage Volume Oscillator (PVO) is primarily used for Divergences.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorVolume Weighted Moving Average (VWMA)- Adds Volume Context To Price Movements
- Less Susceptible To Price Spikes
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge
Percentage Volume Oscillator (PVO)- Helps Identify Volume Divergences
- Good For Confirming Price Trends
Cons 👎
Disadvantages or limitations of the trading indicatorVolume Weighted Moving Average (VWMA)- Can Be Less Effective In Low-Volume Markets
- More Complex Than Simple Moving AveragesDescribes indicators that involve more intricate calculations than basic moving averages. Click to see all.
Relative Vigor Index (RVI)- Can Be Unreliable In Ranging MarketsIndicators that excel in sideways or consolidating markets, providing accurate signals Click to see all.
- Requires ConfirmationRefers to indicators that need additional validation before acting on their signals. Click to see all.
Percentage Volume Oscillator (PVO)- Can Be Less Effective In Low-Volume Markets
- Requires Understanding Of Volume AnalysisDescribes indicators that need knowledge of volume interpretation for effective use. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorVolume Weighted Moving Average (VWMA)Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVolume Weighted Moving Average (VWMA)Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorVolume Weighted Moving Average (VWMA)- 6.5The customization score for Volume Weighted Moving Average (VWMA) is 6.5 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Percentage Volume Oscillator (PVO)- 6.5The customization score for Percentage Volume Oscillator (PVO) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsVolume Weighted Moving Average (VWMA)Relative Vigor Index (RVI)Percentage Volume Oscillator (PVO)
Alternatives to Volume Weighted Moving Average (VWMA)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is easier to use than Volume Weighted Moving Average (VWMA)
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is rated higher overall than Volume Weighted Moving Average (VWMA)
Chaikin Money Flow Oscillator
Known for Measuring Buying/Selling Pressure
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is more versatile than Volume Weighted Moving Average (VWMA)
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages
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is easier to use than Volume Weighted Moving Average (VWMA)
Chaikin Oscillator
Known for Accumulation/Distribution Trends
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is more reliable than Volume Weighted Moving Average (VWMA)
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is easier to use than Volume Weighted Moving Average (VWMA)
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is more customizable than Volume Weighted Moving Average (VWMA)
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is rated higher overall than Volume Weighted Moving Average (VWMA)
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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is more versatile than Volume Weighted Moving Average (VWMA)
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is more customizable than Volume Weighted Moving Average (VWMA)
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is rated higher overall than Volume Weighted Moving Average (VWMA)
Aroon Up And Down
Known for Identifying Potential Trend Changes
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is easier to use than Volume Weighted Moving Average (VWMA)
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is rated higher overall than Volume Weighted Moving Average (VWMA)
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Volume Weighted Moving Average (VWMA)
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is easier to use than Volume Weighted Moving Average (VWMA)
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is more versatile than Volume Weighted Moving Average (VWMA)
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is rated higher overall than Volume Weighted Moving Average (VWMA)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more versatile than Volume Weighted Moving Average (VWMA)
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is more customizable than Volume Weighted Moving Average (VWMA)
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is rated higher overall than Volume Weighted Moving Average (VWMA)
Elder Impulse System
Known for Combining Trend And Momentum
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is easier to use than Volume Weighted Moving Average (VWMA)