Compact mode
Elder Triple Screen vs Coppock Curve vs Force Index
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.
Coppock CurveForce Index- VolumeForce Index 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- 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.
- 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.
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.
Coppock Curve- Identifying Long-Term Market BottomsCoppock Curve is known for Identifying Long-Term Market Bottoms.
Force Index- Combining Price Changes With VolumeForce Index is known for Combining Price Changes With Volume.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators developed in the USA, reflecting American trading principles
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 ScreenCoppock CurveForce IndexPopularity 🏆
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
Coppock Curve- LowThe popularity of Coppock Curve among traders is considered Low. Indicators with lower adoption but potential unique insights
Force Index- LowThe popularity of Force Index 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
Coppock Curve- Originally designed for S&P 500 index
Force Index- Developed by Dr. Alexander Elder
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Coppock Curve- It's like a crystal ball for long-term market bottoms
Force Index- It's like measuring the market's muscle power
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Elder Triple Screen- WeeklyElder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
- DailyElder Triple Screen is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
Coppock Curve- MonthlyCoppock Curve is most effective for Monthly timeframes. Indicators for long-term trend analysis on monthly charts, suited for position traders.
Force Index- DailyForce Index 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.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
Coppock Curve- CrossoversCoppock Curve generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Force Index- DivergencesForce Index 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 Screen
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenCoppock CurveForce IndexPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenCoppock CurveForce Index
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
Coppock Curve- Good For Long-Term Trend Identification
- Simple To Interpret
Force Index- Provides Insight Into Buying/Selling PressureReveals market supply and demand dynamics, aiding in trend prediction
- Confirms Trends
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.
Coppock Curve- Limited To Long-Term Analysis
- Not Suitable For Short-Term Trading
Force Index- Can Be Volatile In Low-Volume ConditionsIndicators that remain stable and accurate in low-volume trading environments Click to see all.
- Requires Smoothing For Better Signals
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenCoppock CurveForce IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenCoppock CurveForce IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenCoppock CurveForce IndexCustomization 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.
Coppock Curve- 6The customization score for Coppock Curve is 6 out of 10.
Force Index- 6.5The customization score for Force Index is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenCoppock CurveForce Index
Alternatives to Elder Triple Screen
Know Sure Thing (KST)
Known for Trend Strength Measurement
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is more versatile than Coppock Curve
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is more customizable than Coppock Curve
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is rated higher overall than Coppock Curve
Slow Stochastic
Known for Momentum Measurement
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is more reliable than Coppock Curve
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is more versatile than Coppock Curve
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is more customizable than Coppock Curve
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is rated higher overall than Coppock Curve
Elder-Ray Index
Known for Combining Trend And Momentum
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is more versatile than Coppock Curve
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is more customizable than Coppock Curve
⭐
is rated higher overall than Coppock Curve
Relative Vigor Index (RVI)
Known for Trend Confirmation
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is more versatile than Coppock Curve
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is more customizable than Coppock Curve
Vortex Indicator (VI)
Known for Trend Reversal Detection
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is easier to use than Coppock Curve
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is easier to use than Coppock Curve
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is more versatile than Coppock Curve
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is more customizable than Coppock Curve
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is rated higher overall than Coppock Curve
Klinger Oscillator
Known for Trend Reversals And Continuations
🔀
is more versatile than Coppock Curve
🔧
is more customizable than Coppock Curve
⭐
is rated higher overall than Coppock Curve
Stochastic Oscillator
Known for Momentum And Trend Reversal
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is easier to use than Coppock Curve
🔀
is more versatile than Coppock Curve
🔧
is more customizable than Coppock Curve
⭐
is rated higher overall than Coppock Curve
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is easier to use than Coppock Curve
🔀
is more versatile than Coppock Curve
🔧
is more customizable than Coppock Curve
⭐
is rated higher overall than Coppock Curve