Compact mode

Average Directional Index (ADX) vs Parabolic SAR vs Elder Impulse System

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*

Trend

Indicators that help identify and confirm market 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.

Commodities

Trading indicators optimized for commodity markets like oil, gold, and agricultural products.

Average Directional Index (ADX)

Stocks

The asset classes Average Directional Index (ADX) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.

Elder Impulse System

Stocks

The asset classes Elder Impulse System is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
Known for 💭

The unique selling point or distinguishing feature of the trading indicator

Average Directional Index (ADX)

Trend Strength Without Direction

Average Directional Index (ADX) is known for Trend Strength Without Direction.

Parabolic SAR

Trend Reversal And Exit Points

Parabolic SAR is known for Trend Reversal And Exit Points.

Elder Impulse System

Combining Trend And Momentum

Elder Impulse System is known for Combining Trend And Momentum.
Made In 🌍

The country or origin of the trading indicator

Average Directional Index (ADX)

1978

Average Directional Index (ADX) was developed in 1978. Trading indicators specifically developed in 1978

Parabolic SAR

1978

Parabolic SAR was developed in 1978. Trading indicators specifically developed in 1978

Elder Impulse System

1980S

Elder Impulse System was developed in 1980S. Trading indicators developed during a decade of economic growth and technological advancement Click to see all.

Characteristics Comparison

Lagging or Leading 🏁

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

Average Directional Index (ADX)

Lagging

Average Directional Index (ADX) is a Lagging indicator. Indicators that confirm trends after they have started

Parabolic SAR

Lagging

Parabolic SAR is a Lagging indicator. Indicators that confirm trends after they have started

Elder Impulse System

Leading

Elder Impulse System is a Leading indicator. Indicators that predict future price movements Click to see all.
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

For all*

Intermediate

Indicators balancing complexity and usability for traders with some experience.
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

Average Directional Index (ADX)

Part of the Directional Movement System

Parabolic SAR

SAR stands for "Stop And Reverse"

Elder Impulse System

Created by Dr. Alexander Elder a renowned trading psychologist
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

Average Directional Index (ADX)

It's like a gym membership - tells you how strong the trend is but not where it's going

Parabolic SAR

It's like a clingy ex - always trying to catch up with the price

Elder Impulse System

Traffic light for traders: green means go red means stop blue means nap time

Application Comparison

Timeframe 🕑

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

For all*

Daily

Indicators optimized for daily chart analysis, suitable for swing and position traders.

Average Directional Index (ADX)

Weekly

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

Parabolic SAR

1-Hour

Parabolic SAR is most effective for 1-Hour timeframes. Indicators optimized for analyzing market data on a 1-hour timeframe

4-Hour

Parabolic SAR is most effective for 4-Hour timeframes. Indicators designed for analyzing market data on a 4-hour timeframe

Elder Impulse System

Weekly

Elder Impulse System 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.

Average Directional Index (ADX)

Moving Averages

Average Directional Index (ADX) uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.

Parabolic SAR

Price-Based

Parabolic SAR uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.

Elder Impulse System

Moving Averages

Elder Impulse System uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.

MACD

Elder Impulse System uses the MACD calculation method. Indicators utilizing Moving Average Convergence Divergence for trend and momentum analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Average Directional Index (ADX)

Thresholds

Average Directional Index (ADX) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met

Parabolic SAR

Breakouts

Parabolic SAR generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends

Elder Impulse System

Color-Coded Bars

Elder Impulse System generates trading signals through Color-Coded Bars. Indicators that color price bars to reflect specific market conditions or signals
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

Average Directional Index (ADX)

Period

Average Directional Index (ADX) offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Parabolic SAR

Acceleration Factor

Parabolic SAR offers customization options for Acceleration Factor. Refers to indicators that allow adjustment of the rate at which they respond to price changes. Click to see all.

Elder Impulse System

Period

Elder Impulse System offers customization options for Period. Enables customization of analysis timeframe Click to see all.

MACD Parameters

Elder Impulse System offers customization options for MACD Parameters. Allows customization of Moving Average Convergence Divergence parameters Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Average Directional Index (ADX)

Trend Followers

Average Directional Index (ADX) is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.

Parabolic SAR

Trend Traders

Parabolic SAR is designed for Trend Traders. Highlights direction and strength of market trends, crucial for trend-based strategies Click to see all.

Elder Impulse System

Day Traders

Elder Impulse System is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.

Swing Traders

Elder Impulse System 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

Average Directional Index (ADX)

Trend Strength Measurement

Average Directional Index (ADX) is primarily used for Trend Strength Measurement. Tools that quantify the power and momentum of market trends Click to see all.

Parabolic SAR

Stop And Reverse Signals

Parabolic SAR is primarily used for Stop And Reverse Signals. Indicators that suggest closing positions and reversing direction Click to see all.

Elder Impulse System

Entry/Exit Points

Elder Impulse System is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.

Trend Confirmation

Elder Impulse System is primarily used for Trend Confirmation. Indicators that validate the strength and direction of price movements Click to see all.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Average Directional Index (ADX)

Effective For Identifying Strong Trends

Non-Directional

Provides market insights without predicting price direction, useful for various strategies

Parabolic SAR

Provides Clear Entry/Exit Signals

Offers precise timing for opening and closing trades, enhancing trade management

Works Well In Trending Markets

Indicators that excel at identifying and confirming strong market trends

Elder Impulse System

Easy To Interpret Color-Coded Signals

Combines Trend And Momentum
Cons 👎

Disadvantages or limitations of the trading indicator

Average Directional Index (ADX)

Doesn't Indicate Trend Direction

Indicators that don't reveal trend direction, potentially missing important market context. Click to see all.

Lagging Indicator

Indicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.

Parabolic SAR

Prone To Whipsaws In Ranging Markets

Elder Impulse System

Can Produce False Signals In Ranging Markets

Requires Understanding Of Multiple Indicators