Compact mode
Elder-Ray Index vs Triple Exponential Average (TRIX) vs Know Sure Thing (KST)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder-Ray Index- ForexThe asset classes Elder-Ray Index is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Elder-Ray Index is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Triple Exponential Average (TRIX)Know Sure Thing (KST)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorElder-Ray Index- Combining Trend And MomentumElder-Ray Index is known for Combining Trend And Momentum.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
Know Sure Thing (KST)- Trend Strength MeasurementKnow Sure Thing (KST) is known for Trend Strength Measurement.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators developed in the USA, reflecting American trading principles
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-Ray IndexTriple Exponential Average (TRIX)Know Sure Thing (KST)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder-Ray Index- MediumThe popularity of Elder-Ray Index among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Triple Exponential Average (TRIX)- MediumThe popularity of Triple Exponential Average (TRIX) among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Know Sure Thing (KST)- LowThe popularity of Know Sure Thing (KST) 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 indicatorElder-Ray Index- Created by Dr. Alexander Elder
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
Know Sure Thing (KST)- Developed by Martin Pring
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder-Ray Index- It's like a doctor's checkup for market health
Triple Exponential Average (TRIX)- It's like a smoothie blender for price data
Know Sure Thing (KST)- It's like a Swiss Army knife for trend analysis
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.
- WeeklyIndicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Elder-Ray Index- AnyElder-Ray Index is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Elder-Ray Index- OscillatorsElder-Ray Index uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.
- Price-BasedElder-Ray Index uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.
- Moving AveragesElder-Ray Index uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
Triple Exponential Average (TRIX)Know Sure Thing (KST)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- DivergencesIndicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder-Ray Index- ThresholdsElder-Ray Index generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Triple Exponential Average (TRIX)- CrossoversTriple Exponential Average (TRIX) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Know Sure Thing (KST)- CrossoversKnow Sure Thing (KST) 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 indicatorFor all*Elder-Ray Index- EMA LengthElder-Ray Index offers customization options for EMA Length. Allows customization of Exponential Moving Average calculation period Click to see all.
- MA TypeElder-Ray Index offers customization options for MA Type. Allows choice between different moving average calculations Click to see all.
- EMA PeriodElder-Ray Index offers customization options for EMA Period. Enables adjustment of Exponential Moving Average time frame Click to see all.
- Lookback PeriodElder-Ray Index offers customization options for Lookback Period. Enables adjustment of historical data analysis timeframe Click to see all.
Triple Exponential Average (TRIX)Know Sure Thing (KST)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder-Ray Index- Experienced TradersElder-Ray Index is designed for Experienced Traders. Sophisticated tools for seasoned traders to gain deeper market insights Click to see all.
- Day TradersElder-Ray Index is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder-Ray Index is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
- Market AnalystsElder-Ray Index is designed for Market Analysts. Provides comprehensive market insights, useful for in-depth analysis and forecasting Click to see all.
Triple Exponential Average (TRIX)Know Sure Thing (KST)Purpose 📈
The primary purpose or application of the trading indicatorElder-Ray Index- Market Strength AnalysisElder-Ray Index is primarily used for Market Strength Analysis.
- Trend StrengthElder-Ray Index is primarily used for Trend Strength. Tools that assess the power and momentum behind a market trend Click to see all.
- Entry/Exit PointsElder-Ray Index is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
- Overbought/Oversold ConditionsElder-Ray Index is primarily used for Overbought/Oversold Conditions. Indicators that identify extreme market conditions Click to see all.
Triple Exponential Average (TRIX)Know Sure Thing (KST)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorElder-Ray Index- Provides Clear Buy/Sell SignalsOffers straightforward entry and exit points, simplifying trading decisions
- Helps Identify Trend Strength
- Combines Trend And Momentum Analysis
- Helps Identify Potential Reversals
- Separates Buying And Selling Pressure
- Good For Identifying Potential Reversals
- Combines Trend And Momentum
- Identifies Market Strength/Weakness
- Useful For Multiple Timeframes
Triple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends
Know Sure Thing (KST)- Incorporates Multiple Timeframes
- Smooth Signals
Cons 👎
Disadvantages or limitations of the trading indicatorFor all*Elder-Ray Index- Requires Understanding Of Multiple Concepts
- Can Be Complex For BeginnersEasy-to-understand indicators suitable for traders new to technical analysis. Click to see all.
- Requires Understanding Of Multiple ComponentsIndicates that some indicators involve several elements that need to be understood for effective use. Click to see all.
- Can Be Less Effective In Strongly Trending MarketsIndicators that maintain effectiveness during strong trends, providing reliable signals Click to see all.
- Requires Understanding Of Moving AveragesRefers to indicators that need a solid grasp of moving average concepts for effective use. Click to see all.
- Complex For BeginnersIndicators that are easy to understand and use for novice traders, facilitating learning and strategy development Click to see all.
- Requires Additional Confirmation
- Can Produce False Signals
Triple Exponential Average (TRIX)- Potential Lag In Signals
Know Sure Thing (KST)
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder-Ray IndexTriple Exponential Average (TRIX)Know Sure Thing (KST)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesFor all*Customization Score 🔧
A score representing the degree of customization available for the trading indicatorElder-Ray Index- 7.5The customization score for Elder-Ray Index is 7.5 out of 10.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Know Sure Thing (KST)- 7.5The customization score for Know Sure Thing (KST) is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder-Ray IndexTriple Exponential Average (TRIX)Know Sure Thing (KST)
Alternatives to Elder-Ray Index
Elder Triple Screen
Known for Trend-Momentum Alignment
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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
Choppiness Index
Known for Identifying Trending Vs Choppy Markets
💯
is more reliable than Elder-Ray Index
💻
is easier to use than Elder-Ray Index
🔀
is more versatile than Elder-Ray Index
Ultimate Oscillator
Known for Multi-Timeframe Analysis
💻
is easier to use than Elder-Ray Index
🔀
is more versatile than Elder-Ray Index
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement
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is easier to use than Elder-Ray Index
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💯
is more reliable than Elder-Ray Index
💻
is easier to use than Elder-Ray Index
Rate Of Change (ROC)
Known for Speed Of Price Changes
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is easier to use than Elder-Ray Index
⭐
is rated higher overall than Elder-Ray Index