Compact mode
Elder Triple Screen vs Aroon Up And Down vs Detrended Price Oscillator (DPO)
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*- TrendIndicators that help identify and confirm market trends
Elder Triple ScreenAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Elder Triple ScreenAroon Up and DownKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorElder Triple Screen- Trend-Momentum AlignmentElder Triple Screen is known for Trend-Momentum Alignment.
Aroon Up and Down- Identifying Potential Trend ChangesAroon Up and Down is known for Identifying Potential Trend Changes.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Made In 🌍
The country or origin of the trading indicatorElder Triple Screen- United StatesElder Triple Screen was developed in United States. Indicators developed in the USA, reflecting American trading principles
Aroon Up and Down- USAAroon Up and Down was developed in USA. Trading indicators developed by American market analysts
Detrended Price Oscillator (DPO)- United StatesDetrended Price Oscillator (DPO) was developed in United States. Indicators 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*Elder Triple Screen- LaggingElder Triple Screen is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenAroon Up and DownDetrended Price Oscillator (DPO)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple Screen- MediumThe popularity of Elder Triple Screen among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Aroon Up and Down- MediumThe popularity of Aroon Up and Down among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Detrended Price Oscillator (DPO)- LowThe popularity of Detrended Price Oscillator (DPO) 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 Triple Screen- Developed by Dr. Alexander Elder as a complete trading system
Aroon Up and Down- Developed by Tushar Chande in 1995
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Aroon Up and Down- Even Aroon can't predict when your investments will go 'Aroon-d' the bend!
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*- WeeklyIndicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Elder Triple Screen- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Elder Triple Screen- Moving AveragesElder Triple Screen uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- OscillatorsElder Triple Screen uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.
Aroon Up and DownDetrended Price Oscillator (DPO)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 Triple Screen- CrossoversElder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Aroon Up and Down- CrossoversAroon Up and Down generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
Detrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenAroon Up and DownDetrended Price Oscillator (DPO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenAroon Up and Down- Technical AnalystsAroon Up and Down is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Swing TradersAroon Up and Down 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)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenAroon Up and Down- Trend Strength AnalysisAroon Up and Down is primarily used for Trend Strength Analysis.
- Trend ReversalsAroon Up and Down is primarily used for Trend Reversals. Indicators that help traders spot potential changes in market direction Click to see all.
Detrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorElder Triple Screen- Combines Multiple Indicators For ConfirmationIndicators that use multiple signals to confirm trading decisions
- Reduces False Signals
Aroon Up and Down- Measures Trend Strength
- Indicates Potential Reversals
- Easy To Interpret
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Cons 👎
Disadvantages or limitations of the trading indicatorElder Triple Screen- Requires Understanding Of Multiple Indicators
- Can Be Complex For BeginnersEasy-to-understand indicators suitable for traders new to technical analysis. Click to see all.
Aroon Up and Down- Can Produce False Signals
- Lag In Volatile Markets
- Limited Use In Ranging Markets
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenAroon Up and DownDetrended Price Oscillator (DPO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenAroon Up and DownDetrended Price Oscillator (DPO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenAroon Up and DownDetrended Price Oscillator (DPO)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorElder Triple Screen- 8.5 🥇Best customizable trading indicatorThe customization score for Elder Triple Screen is 8.5 out of 10.
Aroon Up and Down- 6.5The customization score for Aroon Up and Down is 6.5 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenAroon Up and DownDetrended Price Oscillator (DPO)
Alternatives to Elder Triple Screen
Elder-Ray Index
Known for Combining Trend And Momentum
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is easier to use than Elder Triple Screen
Ichimoku Cloud
Known for All-In-One Indicator
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is easier to use than Elder Triple Screen
Fast Stochastic
Known for Rapid Momentum Shifts
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is easier to use than Elder Triple Screen
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is easier to use than Elder Triple Screen
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is easier to use than Elder Triple Screen
Know Sure Thing (KST)
Known for Trend Strength Measurement
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is easier to use than Elder Triple Screen
Moving Average Envelope
Known for Price Range Visualization
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is easier to use than Elder Triple Screen
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is easier to use than Elder Triple Screen
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is easier to use than Elder Triple Screen
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is rated higher overall than Elder Triple Screen
Chaikin Oscillator
Known for Accumulation/Distribution Trends
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is easier to use than Elder Triple Screen