Elder-Ray Index vs Average Directional Index (ADX) vs Guppy Multiple Moving Average
Compact mode

Elder-Ray Index vs Average Directional Index (ADX) vs Guppy Multiple Moving Average

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
    Average Directional Index (ADX)
    • Part of the Directional Movement System
    Guppy Multiple Moving Average
    • Developed by Australian trader Daryl Guppy
  • Sarcastic Fact 😉

    A humorous or ironic observation about the trading indicator
    Elder-Ray Index
    • It's like a doctor's checkup for market health
    Average Directional Index (ADX)
    • It's like a gym membership - tells you how strong the trend is but not where it's going
    Guppy Multiple Moving Average
    • Sometimes looks like a colorful spaghetti mess on the chart

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.
    • Weekly
      Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    Elder-Ray Index
    • Any
      Elder-Ray Index is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.

Technical Details Comparison

Usage Comparison

Evaluation Comparison

Performance Metrics Comparison

Alternatives to Elder-Ray Index
Elder Triple Screen
Known for Trend-Momentum Alignment
💯 is more reliable than Elder-Ray Index
🔀 is more versatile than Elder-Ray Index
🔧 is more customizable than Elder-Ray Index
is rated higher overall than Elder-Ray Index
Elder Impulse System
Known for Combining Trend And Momentum
💻 is easier to use than Elder-Ray Index
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻 is easier to use than Elder-Ray Index
Momentum Indicator
Known for Price Velocity
💻 is easier to use than Elder-Ray Index
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
💻 is easier to use than Elder-Ray Index
Klinger Oscillator
Known for Trend Reversals And Continuations
🔧 is more customizable than Elder-Ray Index
Rate Of Change (ROC)
Known for Speed Of Price Changes
💻 is easier to use than Elder-Ray Index
is rated higher overall than Elder-Ray Index