Compact mode
Average Directional Index (ADX) vs Zigzag Indicator vs Parabolic SAR
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*- TrendIndicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Average Directional Index (ADX)Zigzag IndicatorKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorAverage Directional Index (ADX)- Trend Strength Without DirectionAverage Directional Index (ADX) is known for Trend Strength Without Direction.
Zigzag Indicator- Filtering Market NoiseZigzag Indicator is known for Filtering Market Noise.
Parabolic SAR- Trend Reversal And Exit PointsParabolic SAR is known for Trend Reversal And Exit Points.
Made In 🌍
The country or origin of the trading indicatorAverage Directional Index (ADX)- 1978Average Directional Index (ADX) was developed in 1978. Trading indicators specifically developed in 1978
Zigzag Indicator- UnknownZigzag Indicator was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
Parabolic SAR- 1978Parabolic SAR was developed in 1978. Trading indicators specifically developed in 1978
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*- LaggingIndicators that confirm trends after they have started
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 communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorAverage Directional Index (ADX)- Part of the Directional Movement System
Zigzag Indicator- Often used in conjunction with Fibonacci retracements
Parabolic SAR- SAR stands for "Stop And Reverse"
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorAverage Directional Index (ADX)- It's like a gym membership - tells you how strong the trend is but not where it's going
Zigzag Indicator- Sarcastically called the 'hindsight is 20/20' indicator
Parabolic SAR- It's like a clingy ex - always trying to catch up with the price
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Average Directional Index (ADX)- DailyAverage Directional Index (ADX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- WeeklyAverage Directional Index (ADX) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Zigzag Indicator- AnyZigzag Indicator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Parabolic SAR- 1-HourParabolic SAR is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe
- 4-HourParabolic SAR is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe
- DailyParabolic SAR 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.Average Directional Index (ADX)Zigzag IndicatorParabolic SARSignal Generation 📊
Describes the methods by which the indicator produces trading signalsAverage Directional Index (ADX)- ThresholdsAverage Directional Index (ADX) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Zigzag Indicator- BreakoutsZigzag Indicator generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Parabolic SAR- BreakoutsParabolic SAR generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorAverage Directional Index (ADX)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.
Parabolic SAR
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorAverage Directional Index (ADX)Zigzag IndicatorParabolic SARPurpose 📈
The primary purpose or application of the trading indicatorAverage Directional Index (ADX)Zigzag IndicatorParabolic SAR
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorAverage Directional Index (ADX)- Effective For Identifying Strong Trends
- Non-DirectionalProvides market insights without predicting price direction, useful for various strategies
Zigzag Indicator- Helps Identify Significant Price Movements
- Useful For Elliot Wave AnalysisIndicators that complement Elliot Wave theory for advanced technical analysis
Parabolic SAR- Provides Clear Entry/Exit SignalsOffers precise timing for opening and closing trades, enhancing trade management
- Works Well In Trending MarketsIndicators that excel at identifying and confirming strong market trends
Cons 👎
Disadvantages or limitations of the trading indicatorAverage Directional Index (ADX)- Doesn't Indicate Trend DirectionIndicators that don't reveal trend direction, potentially missing important market context. Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Zigzag Indicator- Can Be Redrawn As New Price Data Comes InIndicators that maintain consistent historical data, providing reliable backtesting and analysis Click to see all.
- Prone To Lag In Fast-Moving Markets
Parabolic SAR- Prone To Whipsaws In Ranging Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorAverage Directional Index (ADX)Zigzag IndicatorParabolic SAREase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isAverage Directional Index (ADX)Zigzag IndicatorParabolic SARVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesAverage Directional Index (ADX)Zigzag IndicatorParabolic SARCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorAverage Directional Index (ADX)- 6.5The customization score for Average Directional Index (ADX) is 6.5 out of 10.
Zigzag Indicator- 8The customization score for Zigzag Indicator is 8 out of 10.
Parabolic SAR- 6The customization score for Parabolic SAR is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsAverage Directional Index (ADX)Zigzag IndicatorParabolic SAR
Alternatives to Average Directional Index (ADX)
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
Fibonacci Retracement
Known for Golden Ratio In Trading
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is more versatile 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
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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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
Linear Regression Indicator
Known for Predicting Price Trends
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is more reliable than Zigzag Indicator
Keltner Channels
Known for Combining Moving Averages With Volatility
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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
Vortex Indicator (VI)
Known for Trend Reversal Detection
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is easier to use than Zigzag Indicator
Bollinger Bands
Known for Volatility And Trend Strength
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is more reliable than Zigzag Indicator
💻
is easier to use than Zigzag Indicator
🔀
is more versatile than Zigzag Indicator
⭐
is rated higher overall than Zigzag Indicator
Rate Of Change (ROC)
Known for Speed Of Price Changes
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is more reliable than Zigzag Indicator
💻
is easier to use than Zigzag Indicator
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is more versatile than Zigzag Indicator
⭐
is rated higher overall than Zigzag Indicator
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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is more reliable than Zigzag Indicator
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is more versatile than Zigzag Indicator