Elder Triple Screen vs Chaikin Volatility vs Price Channel
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Elder Triple Screen vs Chaikin Volatility vs Price Channel

Table of content

General Information Comparison

Characteristics Comparison

Facts Comparison

  • Interesting Fact 💡
    An intriguing or lesser-known fact about the trading indicator
    Elder Triple Screen
    • Developed by Dr. Alexander Elder as a complete trading system
    Chaikin Volatility
    • Developed by Marc Chaikin to complement his other indicators
    Price Channel
    • Originally popularized by Richard Donchian in the 1950s

  • Sarcastic Fact 😉
    A humorous or ironic observation about the trading indicator
    Elder Triple Screen
    • Jokingly referred to as the "three-headed monster" of trading systems
    Chaikin Volatility
    • Sometimes called the "options trader's crystal ball"
    Price Channel
    • Sometimes called the "rich man's Bollinger Bands" due to its simplicity

Application Comparison

  • Timeframe 🕑
    The time intervals or periods for which the trading indicator is most effective or commonly used.
    For all*
    • Weekly
      Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    • Daily
      Indicators optimized for daily chart analysis, suitable for swing and position traders.
    Elder Triple Screen
    • Hourly
      Elder 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

Evaluation Comparison

  • Pros 👍
    Advantages of using the trading indicator
    Elder Triple Screen
    • Combines Multiple Indicators For Confirmation
      Indicators that use multiple signals to confirm trading decisions
    • Reduces False Signals
    Chaikin Volatility
    • Helps Identify Potential Breakouts
    • Useful For Options Pricing
      Indicators that aid in determining fair value and volatility for options trading
    Price Channel
    • Easy To Interpret Visually
      Indicators with clear visual representations for quick market analysis
    • Useful For Identifying Breakouts

  • Cons 👎
    Disadvantages or limitations of the trading indicator
    Elder Triple Screen
    Chaikin Volatility
    • Can Be Late In Signaling Volatility Changes
    • May Produce False Signals In Ranging Markets
    Price Channel
    • Can Be Slow To React To Trend Changes
    • May Generate False Signals In Choppy Markets

Performance Metrics Comparison

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
💻 is easier to use than Elder Triple Screen
Fast Stochastic
Known for Rapid Momentum Shifts
💻 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
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
Moving Average Envelope
Known for Price Range Visualization
💻 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
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💻 is easier to use than Elder Triple Screen
⭐ is rated higher overall than Elder Triple Screen
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💻 is easier to use than Elder Triple Screen