Compact mode
Ultimate Oscillator vs Elder Force Index 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.Ultimate OscillatorElder Force Index- VolumeElder Force Index is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Relative Vigor Index (RVI)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Known for 💭
The unique selling point or distinguishing feature of the trading indicatorUltimate Oscillator- Multi-Timeframe AnalysisUltimate Oscillator is known for Multi-Timeframe Analysis.
Elder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorUltimate Oscillator- United StatesUltimate Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Elder Force Index- United StatesElder Force Index 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 indicatorUltimate OscillatorElder Force IndexRelative Vigor Index (RVI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityUltimate Oscillator- MediumThe popularity of Ultimate Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Elder Force Index- LowThe popularity of Elder Force Index among traders is considered Low. Indicators with lower adoption but potential unique insights
Relative Vigor Index (RVI)- LowThe 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 indicatorUltimate Oscillator- Created by Larry Williams in 1976
Elder Force Index- Created by Dr. Alexander Elder in 1989
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorUltimate Oscillator- It's like a three-course meal of technical analysis
Elder Force Index- It's like a lie detector for market 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.
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.Ultimate OscillatorElder Force IndexRelative Vigor Index (RVI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsUltimate Oscillator- ThresholdsUltimate Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
- DivergencesUltimate Oscillator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder 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
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*Ultimate OscillatorElder Force IndexRelative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorUltimate OscillatorElder 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.
Relative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorUltimate Oscillator- Reducing False DivergencesUltimate Oscillator is primarily used for Reducing False Divergences.
Elder 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.
Relative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorUltimate Oscillator- Combines Short Medium And Long-Term IndicatorsIndicators analyzing short, medium, and long-term market trends simultaneously
- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
Elder Force Index- Incorporates Both Price And VolumeCombines price and volume analysis for more comprehensive market insights
- Good For Spotting Reversals
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 indicatorUltimate Oscillator- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Requires Context For Interpretation
Elder Force Index- Less Popular
- Requires Additional Confirmation
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorUltimate OscillatorElder Force IndexRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isUltimate OscillatorElder Force IndexRelative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesUltimate OscillatorElder Force IndexRelative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsUltimate OscillatorElder Force IndexRelative Vigor Index (RVI)
Alternatives to Ultimate Oscillator
Dynamic Momentum Index
Known for Adapting To Market Volatility
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is more reliable than Elder Force Index
⭐
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
🔀
is more versatile than Elder Force Index
🔧
is more customizable than Elder Force Index
⭐
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
🔀
is more versatile than Elder Force Index
⭐
is rated higher overall than Elder Force Index
Detrended Price Oscillator (DPO)
Known for Eliminating Long-Term Trends
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is more customizable than Elder Force Index
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
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is more reliable than Elder Force Index
💻
is easier to use than Elder Force Index
🔀
is more versatile than Elder Force Index
⭐
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
🔧
is more customizable than Elder Force Index
⭐
is rated higher overall than Elder Force Index