Compact mode
Elder Triple Screen vs Average True Range (ATR) vs Keltner Channels
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Elder Triple Screen- TrendElder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends
- MomentumElder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Average True Range (ATR)Keltner ChannelsAsset 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.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Elder Triple ScreenAverage True Range (ATR)Known 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.
Average True Range (ATR)- Volatility Without DirectionAverage True Range (ATR) is known for Volatility Without Direction.
Keltner Channels- Combining Moving Averages With VolatilityKeltner Channels is known for Combining Moving Averages With Volatility.
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
Average True Range (ATR)- 1978Average True Range (ATR) was developed in 1978. Trading indicators specifically developed in 1978
Keltner Channels- United StatesKeltner Channels 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*- LaggingIndicators that confirm trends after they have started
Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenAverage True Range (ATR)Keltner ChannelsPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
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
Average True Range (ATR)- Part of Welles Wilder's indicators
Keltner Channels- Named after Chester Keltner
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Average True Range (ATR)- It's the drama meter of the market - higher values mean more excitement
Keltner Channels- It's like a bodyguard for price trends keeping them in check
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.For all*Elder Triple ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsElder Triple Screen- CrossoversElder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Average True Range (ATR)- ThresholdsAverage True Range (ATR) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Keltner Channels- BreakoutsKeltner Channels generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenKeltner Channels
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenAverage True Range (ATR)Keltner ChannelsPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenAverage True Range (ATR)Keltner Channels
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
Average True Range (ATR)- Useful For Position Sizing
- Helps Set Stop-Losses
Keltner Channels- Less Sensitive To Spikes Than Bollinger BandsProvides more stable signals in volatile markets compared to Bollinger Bands
- Good For Identifying Trends
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.
Average True Range (ATR)Keltner Channels
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenAverage True Range (ATR)Keltner ChannelsEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenAverage True Range (ATR)Keltner ChannelsVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenAverage True Range (ATR)Keltner ChannelsCustomization 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.
Average True Range (ATR)- 6.5The customization score for Average True Range (ATR) is 6.5 out of 10.
Keltner Channels- 8The customization score for Keltner Channels is 8 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenAverage True Range (ATR)Keltner Channels
Alternatives to Elder Triple Screen
Elder-Ray Index
Known for Combining Trend And Momentum
💻
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
Moving Average Envelope
Known for Price Range Visualization
💻
is easier to use than Elder Triple Screen
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
💻
is easier to use than Elder Triple Screen
Fast Stochastic
Known for Rapid Momentum Shifts
💻
is easier to use than Elder Triple Screen
Know Sure Thing (KST)
Known for Trend Strength Measurement
💻
is easier to use than Elder Triple Screen
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻
is easier to use than Elder Triple Screen
Average Directional Index (ADX)
Known for Trend Strength Without Direction
💻
is easier to use than Elder Triple Screen
Chaikin Oscillator
Known for Accumulation/Distribution Trends
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is easier to use than Elder Triple Screen
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻
is easier to use than Elder Triple Screen
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is rated higher overall than Elder Triple Screen