Compact mode
Elder Triple Screen vs Awesome Oscillator (AO) vs McClellan Oscillator
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.
Awesome Oscillator (AO)McClellan OscillatorAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder Triple Screen- ForexThe asset classes Elder Triple Screen 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 Triple Screen is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Awesome Oscillator (AO)- ForexThe asset classes Awesome Oscillator (AO) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CryptocurrenciesThe asset classes Awesome Oscillator (AO) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
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.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
McClellan Oscillator- Identifying Market TrendsMcClellan Oscillator is known for Identifying Market Trends.
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*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 ScreenAwesome Oscillator (AO)McClellan OscillatorPopularity 🏆
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
Awesome Oscillator (AO)- Created by Bill Williams
McClellan Oscillator- Created by Sherman and Marian McClellan in 1969
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
McClellan Oscillator- It's like taking the market's temperature with a fancy thermometer
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.
Elder Triple Screen- WeeklyElder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
Awesome Oscillator (AO)- WeeklyAwesome Oscillator (AO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
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.
Awesome Oscillator (AO)McClellan OscillatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Elder Triple Screen- 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
Awesome Oscillator (AO)- DivergencesAwesome Oscillator (AO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
McClellan Oscillator- ThresholdsMcClellan Oscillator generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorElder Triple Screen- PeriodElder Triple Screen offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Indicator SelectionElder Triple Screen offers customization options for Indicator Selection. Allows traders to choose specific indicators for analysis Click to see all.
Awesome Oscillator (AO)McClellan Oscillator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenAwesome Oscillator (AO)McClellan OscillatorPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenAwesome Oscillator (AO)McClellan Oscillator
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
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
McClellan Oscillator- Effective For Overall Market AnalysisIndicators providing broad insights into overall market conditions
- Good For Timing Entries/Exits
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.
Awesome Oscillator (AO)- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Requires Confirmation From Price ActionDescribes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.
McClellan Oscillator
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenAwesome Oscillator (AO)McClellan OscillatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenAwesome Oscillator (AO)McClellan OscillatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenAwesome Oscillator (AO)McClellan OscillatorCustomization 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.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
McClellan Oscillator- 6.5The customization score for McClellan Oscillator is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenAwesome Oscillator (AO)McClellan Oscillator
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
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
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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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
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is easier to use than Elder Triple Screen
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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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
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is easier to use than Elder Triple Screen