Compact mode
Elder Triple Screen vs Awesome Oscillator (AO) vs Trend Magic
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Elder Triple Screen- TrendElder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends
- MomentumElder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Awesome Oscillator (AO)Trend Magic- TrendTrend Magic is a Trend type indicator. Indicators that help identify and confirm market trends
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder Triple Screen- StocksThe asset classes Elder Triple Screen is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesThe asset classes Elder Triple Screen is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Awesome Oscillator (AO)- StocksThe asset classes Awesome Oscillator (AO) is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CryptocurrenciesThe asset classes Awesome Oscillator (AO) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Trend MagicKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorElder Triple Screen- Trend-Momentum AlignmentElder Triple Screen is known for Trend-Momentum Alignment.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
Trend Magic- Simplifying Trend AnalysisTrend Magic is known for Simplifying Trend Analysis.
Made In 🌍
The country or origin of the trading indicatorElder Triple Screen- United StatesElder Triple Screen was developed in United States. Indicators developed in the USA, reflecting American trading principles
Awesome Oscillator (AO)- United StatesAwesome Oscillator (AO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Trend Magic- 2000STrend Magic was developed in 2000S. Trading indicators developed in the early 21st century
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Elder Triple Screen- LaggingElder Triple Screen is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenAwesome Oscillator (AO)Trend MagicPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple Screen- MediumThe popularity of Elder Triple Screen among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Awesome Oscillator (AO)- MediumThe popularity of Awesome Oscillator (AO) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Trend Magic- LowThe popularity of Trend Magic among traders is considered Low. Indicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorElder Triple Screen- Developed by Dr. Alexander Elder as a complete trading system
Awesome Oscillator (AO)- Created by Bill Williams
Trend Magic- Created by an anonymous trader and gained popularity in online forums
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
Trend Magic- So magical it might turn your losses into rabbits
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*- WeeklyIndicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Elder Triple Screen- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.For all*Elder Triple ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsElder Triple Screen- CrossoversElder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Awesome Oscillator (AO)- CrossoversAwesome Oscillator (AO) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesAwesome Oscillator (AO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Trend Magic- Color-Coded SignalsTrend Magic generates trading signals through Color-Coded Signals. Indicators using different colors to represent various trading signals or conditions
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenTrend Magic
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenAwesome Oscillator (AO)Trend MagicPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenAwesome Oscillator (AO)Trend Magic
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorElder Triple Screen- Combines Multiple Indicators For ConfirmationIndicators that use multiple signals to confirm trading decisions
- Reduces False Signals
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
Trend Magic- Easy To Interpret Color SignalsIndicators using intuitive color schemes for quick signal interpretation
- Filters Out Minor Price MovementsIndicators that focus on significant price changes, ignoring minor fluctuations
Cons 👎
Disadvantages or limitations of the trading indicatorElder Triple Screen- Requires Understanding Of Multiple Indicators
- Can Be Complex For BeginnersEasy-to-understand indicators suitable for traders new to technical analysis. Click to see all.
Awesome Oscillator (AO)- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Requires Confirmation From Price ActionDescribes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.
Trend Magic
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenAwesome Oscillator (AO)Trend MagicEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenAwesome Oscillator (AO)Trend MagicVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenAwesome Oscillator (AO)Trend MagicCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorElder Triple Screen- 8.5 🥇Best customizable trading indicatorThe customization score for Elder Triple Screen is 8.5 out of 10.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
Trend Magic- 5.5The customization score for Trend Magic is 5.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenAwesome Oscillator (AO)Trend Magic
Alternatives to Elder Triple Screen
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more versatile than Awesome Oscillator (AO)
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is more customizable than Awesome Oscillator (AO)
Elder-Ray Index
Known for Combining Trend And Momentum
🔀
is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends
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is more reliable than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
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is rated higher overall than Awesome Oscillator (AO)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is more versatile than Awesome Oscillator (AO)
🔧
is more customizable than Awesome Oscillator (AO)
⭐
is rated higher overall than Awesome Oscillator (AO)
Momentum Indicator
Known for Price Velocity
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is easier to use than Awesome Oscillator (AO)
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is more versatile than Awesome Oscillator (AO)
Rate Of Change (ROC)
Known for Speed Of Price Changes
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is easier to use than Awesome Oscillator (AO)
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is more versatile than Awesome Oscillator (AO)
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is rated higher overall than Awesome Oscillator (AO)