Compact mode

Commodity Channel Index (CCI) vs Williams %R vs Momentum Indicator

Table of content

General Information Comparison
Characteristics Comparison
Facts Comparison

Application Comparison
Technical Details Comparison
Usage Comparison
Evaluation Comparison
Performance Metrics Comparison

General Information Comparison

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

For all*

Momentum

Measures rate of price change, ideal for identifying strong trends
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

For all*

Forex

Indicators optimized for currency pair trading in the foreign exchange market.

Commodity Channel Index (CCI)

Commodities

The asset classes Commodity Channel Index (CCI) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Williams %R

Stocks

The asset classes Williams %R is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Momentum Indicator

Stocks

The asset classes Momentum Indicator is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Cryptocurrencies

The asset classes Momentum Indicator 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 indicator

Commodity Channel Index (CCI)

Identifying Cyclical Trends

Commodity Channel Index (CCI) is known for Identifying Cyclical Trends.

Williams %R

Momentum And Potential Reversals

Williams %R is known for Momentum And Potential Reversals.

Momentum Indicator

Price Velocity

Momentum Indicator is known for Price Velocity.
Made In 🌍

The country or origin of the trading indicator

Commodity Channel Index (CCI)

1980

Commodity Channel Index (CCI) was developed in 1980. Trading indicators created at the start of a new decade

Williams %R

1966

Williams %R was developed in 1966. Trading indicators developed in the mid-1960s

Momentum Indicator

United States

Momentum Indicator was developed in United States. Indicators developed in the USA, reflecting American trading principles

Characteristics Comparison

Lagging or Leading 🏁

Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.

For all*

Leading

Indicators that predict future price movements
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

Commodity Channel Index (CCI)

Intermediate

The complexity level of Commodity Channel Index (CCI) is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.

Williams %R

Beginner

The complexity level of Williams %R is Beginner. Simple and easy-to-understand indicators suitable for novice traders. Click to see all.

Momentum Indicator

Beginner

The complexity level of Momentum Indicator is Beginner. Simple and easy-to-understand indicators suitable for novice traders. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

For all*

Medium

Indicators with balanced adoption and potential effectiveness

Facts Comparison

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

Commodity Channel Index (CCI)

Originally developed for commodities

Williams %R

Developed by Larry Williams

Momentum Indicator

Often confused with the Rate of Change (ROC) indicator
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

Commodity Channel Index (CCI)

It's like a mood ring for the market - changes color frequently

Williams %R

It's like a rollercoaster - the higher it goes the scarier the drop

Momentum Indicator

Jokingly referred to as the "lazy trader's best friend" due to its simplicity

Application Comparison

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

Commodity Channel Index (CCI)

Daily

Commodity Channel Index (CCI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Weekly

Commodity Channel Index (CCI) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Williams %R

15-Minute

Williams %R is most effective for 15-Minute timeframes. Indicators suited for analyzing market data on a 15-minute timeframe

1-Hour

Williams %R is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe

4-Hour

Williams %R is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe

Momentum Indicator

Daily

Momentum Indicator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Weekly

Momentum Indicator 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.

Commodity Channel Index (CCI)

Oscillators

Commodity Channel Index (CCI) uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.

Williams %R

Oscillators

Williams %R uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.

Momentum Indicator

Price-Based

Momentum Indicator uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Commodity Channel Index (CCI)

Thresholds

Commodity Channel Index (CCI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met

Breakouts

Commodity Channel Index (CCI) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends

Williams %R

Thresholds

Williams %R generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met

Momentum Indicator

Crossovers

Momentum Indicator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Divergences

Momentum Indicator 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 indicator

For all*

Period

Enables customization of analysis timeframe

Commodity Channel Index (CCI)

Thresholds

Commodity Channel Index (CCI) offers customization options for Thresholds. Customizable thresholds for signal generation Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Commodity Channel Index (CCI)

Commodity Traders

Commodity Channel Index (CCI) is designed for Commodity Traders. Tools optimized for trading in commodity markets like oil, gold, or agriculture Click to see all.

Williams %R

Swing Traders

Williams %R is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.

Momentum Indicator

Swing Traders

Momentum Indicator is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Commodity Channel Index (CCI)

Cyclical Trends

Commodity Channel Index (CCI) is primarily used for Cyclical Trends. Indicators for identifying repetitive patterns Click to see all.

Williams %R

Overbought/Oversold Conditions

Williams %R is primarily used for Overbought/Oversold Conditions. Indicators that identify extreme market conditions Click to see all.

Momentum Indicator

Trend Strength Measurement

Momentum Indicator is primarily used for Trend Strength Measurement. Tools that quantify the power and momentum of market trends Click to see all.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Commodity Channel Index (CCI)

Effective For Overbought/Oversold Conditions

Useful For Multiple Asset Classes

Williams %R

Similar To Stochastic

Effective For Identifying Reversals

Momentum Indicator

Simple And Straightforward

Helps Identify Potential Reversals
Cons 👎

Disadvantages or limitations of the trading indicator

Commodity Channel Index (CCI)

Can Produce False Signals In Non-Trending Markets

Williams %R

Can Remain At Extreme Levels During Strong Trends

Indicators that effectively signal potential trend reversals even during strong market movements Click to see all.

Momentum Indicator

Can Be Noisy In Choppy Markets

Needs Confirmation From Other Indicators

Refers to indicators that require validation from other technical tools for reliable signals. Click to see all.