Compact mode
Elder Force Index vs Detrended Price Oscillator (DPO) vs Relative Vigor Index (RVI)
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 Force Index- VolumeElder Force Index is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Detrended Price Oscillator (DPO)- TrendDetrended Price Oscillator (DPO) is a Trend type indicator. Indicators that help identify and confirm market trends
Relative Vigor Index (RVI)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder Force IndexDetrended Price Oscillator (DPO)Relative Vigor Index (RVI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorElder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorElder Force Index- United StatesElder Force Index was developed in United States. Indicators developed in the USA, reflecting American trading principles
Detrended Price Oscillator (DPO)- United StatesDetrended Price Oscillator (DPO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Relative Vigor Index (RVI)- RussiaRelative 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*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Force IndexDetrended Price Oscillator (DPO)Relative Vigor Index (RVI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*- LowIndicators with lower adoption but potential unique insights
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorElder Force Index- Created by Dr. Alexander Elder in 1989
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 indicatorElder Force Index- It's like a lie detector for market trends
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*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Detrended Price Oscillator (DPO)- WeeklyDetrended Price Oscillator (DPO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Relative Vigor Index (RVI)- WeeklyRelative Vigor Index (RVI) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Elder Force IndexDetrended Price Oscillator (DPO)Relative Vigor Index (RVI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsElder Force Index- CrossoversElder Force Index generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- ThresholdsElder Force Index generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Detrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements
- DivergencesDetrended Price Oscillator (DPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Relative Vigor Index (RVI)- CrossoversRelative Vigor Index (RVI) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesRelative Vigor Index (RVI) 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 Force IndexDetrended Price Oscillator (DPO)Relative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Force Index- Day TradersElder Force Index is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder Force Index is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Detrended Price Oscillator (DPO)Relative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorElder Force Index- Confirming TrendsElder Force Index is primarily used for Confirming Trends. Indicators for validating trend direction Click to see all.
- Identifying ReversalsElder Force Index is primarily used for Identifying Reversals. Indicators for potential trend changes Click to see all.
Detrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Relative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorElder Force Index- Incorporates Both Price And VolumeCombines price and volume analysis for more comprehensive market insights
- Good For Spotting Reversals
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 UniqueOffers alternative perspectives on market dynamics, potentially providing an edge
Cons 👎
Disadvantages or limitations of the trading indicatorElder Force Index- Less Popular
- Requires Additional Confirmation
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Relative Vigor Index (RVI)
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Force IndexDetrended Price Oscillator (DPO)Relative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Force IndexDetrended Price Oscillator (DPO)Relative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorElder Force Index- 7The customization score for Elder Force Index is 7 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Alternatives to Elder Force Index
Dynamic Momentum Index
Known for Adapting To Market Volatility
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is more reliable than Elder Force Index
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is rated higher overall than Elder Force Index
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Elder Force Index
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is more versatile than Elder Force Index
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is more customizable than Elder Force Index
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is rated higher overall than Elder Force Index
Schaff Trend Cycle
Known for Combining Trend And Cycle Analysis
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is more reliable than Elder Force Index
Market Facilitation Index (MFI)
Known for Relationship Between Price Movement And Volume
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is more reliable than Elder Force Index
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is more versatile than Elder Force Index
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is rated higher overall than Elder Force Index
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
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is more reliable than Elder Force Index
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is easier to use than Elder Force Index
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is more versatile than Elder Force Index
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is rated higher overall than Elder Force Index
Klinger Oscillator
Known for Trend Reversals And Continuations
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is more reliable than Elder Force Index
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is more customizable than Elder Force Index
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is rated higher overall than Elder Force Index
Know Sure Thing (KST)
Known for Trend Strength Measurement
💯
is more reliable than Elder Force Index
🔀
is more versatile than Elder Force Index
🔧
is more customizable than Elder Force Index
⭐
is rated higher overall than Elder Force Index