Compact mode
Hull Moving Average (HMA) vs Zigzag Indicator
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Both*- TrendIndicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Hull Moving Average (HMA)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorHull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Zigzag Indicator- Filtering Market NoiseZigzag Indicator is known for Filtering Market Noise.
Made In 🌍
The country or origin of the trading indicatorHull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Zigzag Indicator- UnknownZigzag Indicator was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Hull Moving Average (HMA)Zigzag Indicator- LaggingZigzag Indicator is a Lagging indicator. Indicators that confirm trends after they have started
Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*- MediumIndicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorHull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Zigzag Indicator- Often used in conjunction with Fibonacci retracements
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorHull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Zigzag Indicator- Sarcastically called the 'hindsight is 20/20' indicator
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*- AnyFlexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Hull Moving Average (HMA)Zigzag IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*- BreakoutsIndicators that identify when price breaks key levels, signaling potential trends
Hull Moving Average (HMA)- CrossoversHull Moving Average (HMA) 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 indicatorHull Moving Average (HMA)Zigzag Indicator- Percentage ChangeZigzag Indicator offers customization options for Percentage Change. Allows customization of price movement percentage thresholds Click to see all.
- DepthZigzag Indicator offers customization options for Depth. Enables fine-tuning of indicator sensitivity to market movements Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorHull Moving Average (HMA)Zigzag IndicatorPurpose 📈
The primary purpose or application of the trading indicatorHull Moving Average (HMA)Zigzag Indicator
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorHull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
Zigzag Indicator- Helps Identify Significant Price Movements
- Useful For Elliot Wave AnalysisIndicators that complement Elliot Wave theory for advanced technical analysis
Cons 👎
Disadvantages or limitations of the trading indicatorHull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. Click to see all.
Zigzag Indicator
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorHull Moving Average (HMA)Zigzag IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isHull Moving Average (HMA)Zigzag IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesHull Moving Average (HMA)Zigzag IndicatorCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorHull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Zigzag Indicator- 8The customization score for Zigzag Indicator is 8 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsHull Moving Average (HMA)Zigzag Indicator
Alternatives to Hull Moving Average (HMA)
Linear Regression Indicator
Known for Predicting Price Trends
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is more reliable than Zigzag Indicator
Parabolic SAR
Known for Trend Reversal And Exit Points
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Keltner Channels
Known for Combining Moving Averages With Volatility
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is more reliable than Zigzag Indicator
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is rated higher overall than Zigzag Indicator
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators
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is more reliable than Zigzag Indicator
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is more versatile than Zigzag Indicator
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is rated higher overall than Zigzag Indicator
Heikin Ashi Candlesticks
Known for Smoothing Price Action
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is more reliable than Zigzag Indicator
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is easier to use than Zigzag Indicator
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is more versatile than Zigzag Indicator
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is rated higher overall than Zigzag Indicator
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Zigzag Indicator
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is easier to use than Zigzag Indicator
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is rated higher overall than Zigzag Indicator
Fibonacci Retracement
Known for Golden Ratio In Trading
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is more versatile than Zigzag Indicator
Bollinger Bands
Known for Volatility And Trend Strength
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is more reliable than Zigzag Indicator
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is easier to use than Zigzag Indicator
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is more versatile than Zigzag Indicator
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is rated higher overall than Zigzag Indicator
Vortex Indicator (VI)
Known for Trend Reversal Detection
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is easier to use than Zigzag Indicator
Rate Of Change (ROC)
Known for Speed Of Price Changes
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is more reliable than Zigzag Indicator
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is easier to use than Zigzag Indicator
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is more versatile than Zigzag Indicator
⭐
is rated higher overall than Zigzag Indicator