Elder-Ray Index vs Elder Impulse System vs Vortex Indicator (VI)
Compact mode

Elder-Ray Index vs Elder Impulse System vs Vortex Indicator (VI)

General Information Comparison

Characteristics Comparison

Facts Comparison

  • Interesting Fact 💡

    An intriguing or lesser-known fact about the trading indicator
    Elder-Ray Index
    • Created by Dr. Alexander Elder
    Elder Impulse System
    • Created by Dr. Alexander Elder a renowned trading psychologist
    Vortex Indicator (VI)
    • Inspired by the vortex concept in fluid dynamics
  • Sarcastic Fact 😉

    A humorous or ironic observation about the trading indicator
    Elder-Ray Index
    • It's like a doctor's checkup for market health
    Elder Impulse System
    • Traffic light for traders: green means go red means stop blue means nap time
    Vortex Indicator (VI)
    • It's like a weather vane for market trends

Application Comparison

  • Timeframe 🕑

    The time intervals or periods for which the trading indicator is most effective or commonly used.
    For all*
    • Daily
      Indicators optimized for daily chart analysis, suitable for swing and position traders.
    Elder-Ray Index
    • Weekly
      Elder-Ray Index is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    • Any
      Elder-Ray Index is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
    Elder Impulse System
    • Weekly
      Elder Impulse System is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

Usage Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Elder-Ray Index
Linear Regression Indicator
Known for Predicting Price Trends
💯 is more reliable than Elder Impulse System
🔀 is more versatile than Elder Impulse System
Chaikin Money Flow Oscillator
Known for Measuring Buying/Selling Pressure
💯 is more reliable than Elder Impulse System
🔀 is more versatile than Elder Impulse System
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System
Aroon Up And Down
Known for Identifying Potential Trend Changes
💯 is more reliable than Elder Impulse System
💻 is easier to use than Elder Impulse System
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System
Elder Triple Screen
Known for Trend-Momentum Alignment
💯 is more reliable than Elder Impulse System
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System
Average Directional Index (ADX)
Known for Trend Strength Without Direction
💯 is more reliable than Elder Impulse System
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
💯 is more reliable than Elder Impulse System
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System
Aroon Indicator
Known for Measuring Time Between Highs And Lows
💯 is more reliable than Elder Impulse System
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System
Accumulation/Distribution Line (A/D)
Known for Volume-Based Price Trends
🔀 is more versatile than Elder Impulse System
is rated higher overall than Elder Impulse System
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
🔀 is more versatile than Elder Impulse System
🔧 is more customizable than Elder Impulse System
is rated higher overall than Elder Impulse System