Compact mode

Elder Triple Screen vs Detrended Price Oscillator (DPO) vs Relative Vigor Index (RVI)

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.

Elder Triple Screen

Trend

Elder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends

Momentum

Elder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.

Detrended Price Oscillator (DPO)

Trend

Detrended Price Oscillator (DPO) is a Trend type indicator. Indicators that help identify and confirm market trends

Relative Vigor Index (RVI)

Momentum

Relative Vigor Index (RVI) is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Asset Class 💰

Specifies the financial instruments for which the indicator is most commonly used

For all*

Stocks

Indicators optimized for analyzing and predicting stock price movements in equity markets.

Elder Triple Screen

Forex

The 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.

Commodities

The 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.

Detrended Price Oscillator (DPO)

Commodities

The asset classes Detrended Price Oscillator (DPO) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Relative Vigor Index (RVI)

Forex

The asset classes Relative Vigor Index (RVI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
Known for 💭

The unique selling point or distinguishing feature of the trading indicator

Elder Triple Screen

Trend-Momentum Alignment

Elder Triple Screen is known for Trend-Momentum Alignment.

Detrended Price Oscillator (DPO)

Eliminating Long-Term Trends

Detrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.

Relative Vigor Index (RVI)

Trend Confirmation

Relative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍

The country or origin of the trading indicator

Elder Triple Screen

United States

Elder Triple Screen was developed in United States. Indicators developed in the USA, reflecting American trading principles

Detrended Price Oscillator (DPO)

United States

Detrended Price Oscillator (DPO) was developed in United States. Indicators developed in the USA, reflecting American trading principles

Relative Vigor Index (RVI)

Russia

Relative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian market analysts

Characteristics Comparison

Lagging or Leading 🏁

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

For all*

Leading

Indicators that predict future price movements

Elder Triple Screen

Lagging

Elder 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 indicator

Elder Triple Screen

Advanced

The complexity level of Elder Triple Screen is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.

Detrended Price Oscillator (DPO)

Advanced

The complexity level of Detrended Price Oscillator (DPO) is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.

Relative Vigor Index (RVI)

Intermediate

The complexity level of Relative Vigor Index (RVI) is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

Elder Triple Screen

Medium

The popularity of Elder Triple Screen among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Detrended Price Oscillator (DPO)

Low

The popularity of Detrended Price Oscillator (DPO) among traders is considered Low. Indicators with lower adoption but potential unique insights

Relative Vigor Index (RVI)

Low

The popularity of Relative Vigor Index (RVI) 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 indicator

Elder Triple Screen

Developed by Dr. Alexander Elder as a complete trading system

Detrended Price Oscillator (DPO)

Designed to eliminate trend from price

Relative Vigor Index (RVI)

Developed by John Ehlers
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

Detrended Price Oscillator (DPO)

It's like a time machine for price trends

Relative Vigor Index (RVI)

It's like measuring the market's caffeine intake

Application Comparison

Timeframe 🕑

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

For all*

Weekly

Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Daily

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

Elder Triple Screen

Hourly

Elder 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.

Elder Triple Screen

Moving Averages

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

Oscillators

Elder Triple Screen uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.

Detrended Price Oscillator (DPO)

Price-Based

Detrended Price Oscillator (DPO) uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.

Relative Vigor Index (RVI)

Oscillators

Relative Vigor Index (RVI) uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

For all*

Divergences

Indicators that show discrepancies between price and indicator movements, suggesting potential reversals

Elder Triple Screen

Crossovers

Elder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Breakouts

Elder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends

Detrended Price Oscillator (DPO)

Cycles

Detrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements

Relative Vigor Index (RVI)

Crossovers

Relative Vigor Index (RVI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Customization Options 🔧

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

For all*

Period

Enables customization of analysis timeframe

Elder Triple Screen

Indicator Selection

Elder Triple Screen offers customization options for Indicator Selection. Allows traders to choose specific indicators for analysis Click to see all.

Detrended Price Oscillator (DPO)

Cycle Length

Detrended Price Oscillator (DPO) offers customization options for Cycle Length. Allows traders to customize the time frame for pattern recognition Click to see all.

Relative Vigor Index (RVI)

Signal Line

Relative Vigor Index (RVI) offers customization options for Signal Line. Customizable signal line for precise trend identification Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Elder Triple Screen

Systematic Traders

Elder Triple Screen is designed for Systematic Traders. Provides quantifiable signals for rule-based trading systems, essential for algorithmic strategies Click to see all.

Detrended Price Oscillator (DPO)

Cycle Analysts

Detrended Price Oscillator (DPO) is designed for Cycle Analysts. Tools that help identify and predict market cycles and patterns Click to see all.

Relative Vigor Index (RVI)

Technical Traders

Relative Vigor Index (RVI) is designed for Technical Traders. Offers advanced technical analysis tools, ideal for chart-based trading strategies Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Elder Triple Screen

Multi-Timeframe Analysis

Elder Triple Screen is primarily used for Multi-Timeframe Analysis. Indicators that analyze trends across different time periods Click to see all.

Detrended Price Oscillator (DPO)

Identifying Cycles And Trends

Detrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.

Relative Vigor Index (RVI)

Measuring Buying/Selling Vigor

Relative Vigor Index (RVI) is primarily used for Measuring Buying/Selling Vigor. Indicators that assess strength of buying and selling pressure Click to see all.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Elder Triple Screen

Combines Multiple Indicators For Confirmation

Indicators that use multiple signals to confirm trading decisions

Reduces False Signals

Detrended Price Oscillator (DPO)

Helps Identify Cycles

Removes Long-Term Trend Bias

Relative Vigor Index (RVI)

Compares Closing Prices To Trading Ranges

Less Known And Unique

Offers alternative perspectives on market dynamics, potentially providing an edge
Cons 👎

Disadvantages or limitations of the trading indicator

Elder Triple Screen

Requires Understanding Of Multiple Indicators

Can Be Complex For Beginners

Easy-to-understand indicators suitable for traders new to technical analysis. Click to see all.

Detrended Price Oscillator (DPO)

Complex Interpretation

Limited Use In Strong Trends

Relative Vigor Index (RVI)

Can Be Unreliable In Ranging Markets

Indicators that excel in sideways or consolidating markets, providing accurate signals Click to see all.

Requires Confirmation

Refers to indicators that need additional validation before acting on their signals. Click to see all.