Elder Triple Screen vs Chaikin Oscillator vs Commodity Channel Index (CCI)
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Elder Triple Screen vs Chaikin Oscillator vs Commodity Channel Index (CCI)

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 Oscillator
    • Developed by Marc Chaikin a renowned stock analyst
    Commodity Channel Index (CCI)
    • Originally developed for commodities

  • 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 Oscillator
    • Sometimes referred to as the 'volume whisperer' in trading circles
    Commodity Channel Index (CCI)
    • It's like a mood ring for the market - changes color frequently

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 Oscillator
    • Combines Price And Volume Analysis
    • Useful For Confirming Trends
    Commodity Channel Index (CCI)
    • Effective For Overbought/Oversold Conditions
    • Useful For Multiple Asset Classes

  • Cons 👎
    Disadvantages or limitations of the trading indicator
    Elder Triple Screen
    Chaikin Oscillator
    • Can Be Less Effective In Low-Volume Markets
    • May Produce Lag In Fast-Moving Markets
    Commodity Channel Index (CCI)
    • Can Produce False Signals In Non-Trending 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
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
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
Fast Stochastic
Known for Rapid Momentum Shifts
💻 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
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
💻 is easier to use than Elder Triple Screen
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
💻 is easier to use than Elder Triple Screen