Elder Triple Screen vs Detrended Price Oscillator (DPO) vs Ease of Movement
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Elder Triple Screen vs Detrended Price Oscillator (DPO) vs Ease Of Movement

Table of content

General Information Comparison

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
    • Lagging
      Elder 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 indicator
    For all*

  • Popularity 🏆
    Indicates how widely used and recognized the indicator is in the trading community
    Elder Triple Screen
    • Medium
      The popularity of Elder Triple Screen among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
    Detrended Price Oscillator (DPO)
    • Low
      The popularity of Detrended Price Oscillator (DPO) among traders is considered Low. Indicators with lower adoption but potential unique insights
    Ease of Movement
    • Low
      The popularity of Ease of Movement among traders is considered Low. Indicators with lower adoption but potential unique insights

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
    Detrended Price Oscillator (DPO)
    • Designed to eliminate trend from price
    Ease of Movement
    • Developed by Richard W. Arms Jr. creator of the Arms Index

  • 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
    Detrended Price Oscillator (DPO)
    • It's like a time machine for price trends
    Ease of Movement
    • So easy to move it might slide off your chart

Application Comparison

  • Timeframe 🕑
    The time intervals or periods for which the trading indicator is most effective or commonly used.
    For all*
    • Daily
      Indicators optimized for daily chart analysis, suitable for swing and position traders.
    Elder Triple Screen
    • Weekly
      Elder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    • Hourly
      Elder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
    Detrended Price Oscillator (DPO)
    • Weekly
      Detrended Price Oscillator (DPO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

Usage 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
    Detrended Price Oscillator (DPO)
    • Helps Identify Cycles
    • Removes Long-Term Trend Bias
    Ease of Movement
    • Unique Volume-Price Relationship Analysis
    • Helps Identify Potential Reversals

  • Cons 👎
    Disadvantages or limitations of the trading indicator
    Elder Triple Screen
    Detrended Price Oscillator (DPO)
    • Complex Interpretation
    • Limited Use In Strong Trends
    Ease of Movement
    • Can Be Noisy In High-Volatility Periods
    • Less Popular Than Other Volume Indicators

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