Compact mode
Relative Strength Index (RSI) vs Williams %R vs Ultimate Oscillator
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*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Relative Strength Index (RSI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorRelative Strength Index (RSI)- Momentum MeasurementRelative Strength Index (RSI) is known for Momentum Measurement.
Williams %R- Momentum And Potential ReversalsWilliams %R is known for Momentum And Potential Reversals.
Ultimate Oscillator- Multi-Timeframe AnalysisUltimate Oscillator is known for Multi-Timeframe Analysis.
Made In 🌍
The country or origin of the trading indicatorRelative Strength Index (RSI)- 1978Relative Strength Index (RSI) was developed in 1978. Trading indicators specifically developed in 1978
Williams %R- 1966Williams %R was developed in 1966. Trading indicators developed in the mid-1960s
Ultimate Oscillator- United StatesUltimate Oscillator 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*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorRelative Strength Index (RSI)Williams %RUltimate OscillatorPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityRelative Strength Index (RSI)- HighThe popularity of Relative Strength Index (RSI) among traders is considered High. Widely used and trusted indicators in the trading community
Williams %R- MediumThe popularity of Williams %R 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
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorRelative Strength Index (RSI)- Created by J. Welles Wilder
Williams %R- Developed by Larry Williams
Ultimate Oscillator- Created by Larry Williams in 1976
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorRelative Strength Index (RSI)- The only thing relative about it is how relatively often it's misused
Williams %R- It's like a rollercoaster - the higher it goes the scarier the drop
Ultimate Oscillator- It's like a three-course meal of technical analysis
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Relative Strength Index (RSI)- 1-HourRelative Strength Index (RSI) is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourRelative Strength Index (RSI) is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
- DailyRelative Strength Index (RSI) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
Williams %R- 15-MinuteWilliams %R is most effective for 15-Minute timeframes. Indicators suited for analyzing market data on a 15-minute timeframe
- 1-HourWilliams %R is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourWilliams %R is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
Ultimate Oscillator- DailyUltimate Oscillator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
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*- ThresholdsIndicators that generate signals when certain predefined levels or conditions are met
Relative Strength Index (RSI)- DivergencesRelative Strength Index (RSI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Ultimate Oscillator- DivergencesUltimate Oscillator 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*Relative Strength Index (RSI)Ultimate Oscillator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorRelative Strength Index (RSI)Williams %RUltimate OscillatorPurpose 📈
The primary purpose or application of the trading indicatorRelative Strength Index (RSI)Williams %RUltimate Oscillator- Reducing False DivergencesUltimate Oscillator is primarily used for Reducing False Divergences.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorRelative Strength Index (RSI)- Easy To Interpret
- Effective For Identifying Reversals
Williams %R- Similar To Stochastic
- Effective For Identifying Reversals
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
Cons 👎
Disadvantages or limitations of the trading indicatorRelative Strength Index (RSI)- Can Remain In Overbought/Oversold Conditions During Strong Trends
Williams %RUltimate Oscillator- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Requires Context For Interpretation
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorRelative Strength Index (RSI)Williams %RUltimate OscillatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isRelative Strength Index (RSI)Williams %RUltimate OscillatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesRelative Strength Index (RSI)Williams %RUltimate OscillatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorRelative Strength Index (RSI)- 6.5The customization score for Relative Strength Index (RSI) is 6.5 out of 10.
Williams %R- 6.5The customization score for Williams %R is 6.5 out of 10.
Ultimate Oscillator- 7The customization score for Ultimate Oscillator is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsRelative Strength Index (RSI)Williams %RUltimate Oscillator
Alternatives to Relative Strength Index (RSI)
Stochastic Oscillator
Known for Momentum And Trend Reversal
🔧
is more customizable than Williams %R
⭐
is rated higher overall than Williams %R
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than Williams %R
🔧
is more customizable than Williams %R
⭐
is rated higher overall than Williams %R
Momentum Indicator
Known for Price Velocity
🔀
is more versatile than Williams %R
Rate Of Change (ROC)
Known for Speed Of Price Changes
💻
is easier to use than Williams %R
🔀
is more versatile than Williams %R
⭐
is rated higher overall than Williams %R
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
⭐
is rated higher overall than Williams %R
Chaikin Money Flow (CMF)
Known for Identifying Accumulation/Distribution
💯
is more reliable than Williams %R
⭐
is rated higher overall than Williams %R
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
🔀
is more versatile than Williams %R
🔧
is more customizable than Williams %R
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
🔀
is more versatile than Williams %R
🔧
is more customizable than Williams %R