Compact mode
Elder Triple Screen vs Moving Average Envelope vs Chaikin 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.
Moving Average Envelope- TrendMoving Average Envelope is a Trend type indicator. Indicators that help identify and confirm market trends
Chaikin Oscillator- VolumeChaikin Oscillator is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Asset 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 ScreenMoving Average EnvelopeKnown 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.
Moving Average Envelope- Price Range VisualizationMoving Average Envelope is known for Price Range Visualization.
Chaikin Oscillator- Accumulation/Distribution TrendsChaikin Oscillator is known for Accumulation/Distribution 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.Elder Triple Screen- LaggingElder Triple Screen is a Lagging indicator. Indicators that confirm trends after they have started
- LeadingElder Triple Screen is a Leading indicator. Indicators that predict future price movements Click to see all.
Moving Average Envelope- LaggingMoving Average Envelope is a Lagging indicator. Indicators that confirm trends after they have started
Chaikin OscillatorComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenMoving Average EnvelopeChaikin 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
Moving Average Envelope- Envelopes typically use 2% above and below the moving average
Chaikin Oscillator- Developed by Marc Chaikin a renowned stock analyst
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Moving Average Envelope- Often mistaken for Bollinger Bands by novice traders
Chaikin Oscillator- Sometimes referred to as the 'volume whisperer' in trading circles
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 ScreenChaikin OscillatorSignal 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
Moving Average Envelope- BreakoutsMoving Average Envelope generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Chaikin Oscillator- CrossoversChaikin Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesChaikin Oscillator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenMoving Average EnvelopeChaikin Oscillator
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenMoving Average EnvelopeChaikin OscillatorPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenMoving Average EnvelopeChaikin 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
Moving Average Envelope- Simple To Understand And Implement
- Helps Identify Overbought/Oversold ConditionsSignals when an asset may be overvalued or undervalued, helping traders spot potential reversals
Chaikin Oscillator- Combines Price And Volume Analysis
- Useful For Confirming 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.
Moving Average Envelope- Can Be Late In Signaling Trend ReversalsIndicators that excel in early trend reversal detection, minimizing delays in signaling changes Click to see all.
- Effectiveness Varies In Different Market Conditions
Chaikin Oscillator- Can Be Less Effective In Low-Volume Markets
- May Produce Lag In Fast-Moving Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenMoving Average EnvelopeChaikin OscillatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenMoving Average EnvelopeChaikin OscillatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenMoving Average EnvelopeChaikin 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.
Moving Average Envelope- 7.5The customization score for Moving Average Envelope is 7.5 out of 10.
Chaikin Oscillator- 7.5The customization score for Chaikin Oscillator is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenMoving Average EnvelopeChaikin 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
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
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻
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
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
💻
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