Elder Triple Screen vs Average Directional Index (ADX) vs Zigzag Indicator
Compact mode

Elder Triple Screen vs Average Directional Index (ADX) vs Zigzag Indicator

General Information Comparison

Characteristics Comparison

Facts Comparison

  • Interesting Fact 💡

    An intriguing or lesser-known fact about the trading indicator
    Elder Triple Screen
    • Developed by Dr. Alexander Elder as a complete trading system
    Average Directional Index (ADX)
    • Part of the Directional Movement System
    Zigzag Indicator
    • Often used in conjunction with Fibonacci retracements
  • Sarcastic Fact 😉

    A humorous or ironic observation about the trading indicator
    Elder Triple Screen
    • Jokingly referred to as the "three-headed monster" of trading systems
    Average 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

Application Comparison

  • Timeframe 🕑

    The time intervals or periods for which the trading indicator is most effective or commonly used.
    Elder Triple Screen
    • Weekly
      Elder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    • Daily
      Elder Triple Screen is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
    • Hourly
      Elder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
    Average Directional Index (ADX)
    • Daily
      Average Directional Index (ADX) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
    • 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.
    Zigzag Indicator
    • Any
      Zigzag Indicator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.

Technical Details Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Elder Triple Screen
Average True Range (ATR)
Known for Volatility Without Direction
💻 is easier to use than Average Directional Index (ADX)
is rated higher overall than Average Directional Index (ADX)
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
🔀 is more versatile than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
Directional Movement Index (DMI)
Known for Strength Of Price Movement
🔀 is more versatile than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
is rated higher overall than Average Directional Index (ADX)
Keltner Channels
Known for Combining Moving Averages With Volatility
💻 is easier to use than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
is rated higher overall than Average Directional Index (ADX)
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻 is easier to use than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
is rated higher overall than Average Directional Index (ADX)
Money Flow Index (MFI)
Known for Volume And Price Movements
🔧 is more customizable than Average Directional Index (ADX)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
🔧 is more customizable than Average Directional Index (ADX)
Elder Impulse System
Known for Combining Trend And Momentum
💻 is easier to use than Average Directional Index (ADX)
Moving Average Envelope
Known for Price Range Visualization
💻 is easier to use than Average Directional Index (ADX)
🔧 is more customizable than Average Directional Index (ADX)
is rated higher overall than Average Directional Index (ADX)