Compact mode
Elder Triple Screen vs Commodity Channel Index (CCI) vs Money Flow Index (MFI)
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.
Commodity Channel Index (CCI)Money Flow Index (MFI)- VolumeMoney Flow Index (MFI) is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
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.
- ForexThe asset classes Elder Triple Screen is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Commodity Channel Index (CCI)Money Flow Index (MFI)Known 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.
Commodity Channel Index (CCI)- Identifying Cyclical TrendsCommodity Channel Index (CCI) is known for Identifying Cyclical Trends.
Money Flow Index (MFI)- Volume And Price MovementsMoney Flow Index (MFI) is known for Volume And Price Movements.
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
Commodity Channel Index (CCI)- 1980Commodity Channel Index (CCI) was developed in 1980. Trading indicators created at the start of a new decade
Money Flow Index (MFI)
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 ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)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 indicatorElder Triple Screen- Developed by Dr. Alexander Elder as a complete trading system
Commodity Channel Index (CCI)- Originally developed for commodities
Money Flow Index (MFI)- Often called the volume-weighted RSI
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Commodity Channel Index (CCI)- It's like a mood ring for the market - changes color frequently
Money Flow Index (MFI)- It's like a financial breathalyzer - measures how intoxicated buyers are
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
Commodity Channel Index (CCI)- ThresholdsCommodity Channel Index (CCI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- BreakoutsCommodity Channel Index (CCI) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Money Flow Index (MFI)- ThresholdsMoney Flow Index (MFI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesMoney Flow Index (MFI) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)- Volume-Weighted RSIMoney Flow Index (MFI) is primarily used for Volume-Weighted RSI.
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
Commodity Channel Index (CCI)- Effective For Overbought/Oversold Conditions
- Useful For Multiple Asset Classes
Money Flow Index (MFI)- Incorporates VolumeUses trading volume data to provide deeper market insights
- Useful For Divergence Trading
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.
Commodity Channel Index (CCI)- Can Produce False Signals In Non-Trending Markets
Money Flow Index (MFI)- Can Be Less Effective In Low Volume Environments
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)Customization 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.
Commodity Channel Index (CCI)- 7The customization score for Commodity Channel Index (CCI) is 7 out of 10.
Money Flow Index (MFI)- 7The customization score for Money Flow Index (MFI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenCommodity Channel Index (CCI)Money Flow Index (MFI)
Alternatives to Elder Triple Screen
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more reliable than Commodity Channel Index (CCI)
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Commodity Channel Index (CCI)
🔧
is more customizable than Commodity Channel Index (CCI)
⭐
is rated higher overall than Commodity Channel Index (CCI)
Ultimate Oscillator
Known for Multi-Timeframe Analysis
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is more versatile than Commodity Channel Index (CCI)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable than Commodity Channel Index (CCI)
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
💯
is more reliable than Commodity Channel Index (CCI)
⭐
is rated higher overall than Commodity Channel Index (CCI)
Volume Oscillator
Known for Volume Divergence
💯
is more reliable than Commodity Channel Index (CCI)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
🔀
is more versatile than Commodity Channel Index (CCI)
🔧
is more customizable than Commodity Channel Index (CCI)
⭐
is rated higher overall than Commodity Channel Index (CCI)
Average Directional Index (ADX)
Known for Trend Strength Without Direction
💯
is more reliable than Commodity Channel Index (CCI)