Compact mode
Elder Triple Screen vs Know Sure Thing (KST) vs Relative Vigor Index (RVI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*Elder Triple Screen- TrendElder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends
Asset 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.
Know Sure Thing (KST)Relative Vigor Index (RVI)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.
Know Sure Thing (KST)- Trend Strength MeasurementKnow Sure Thing (KST) is known for Trend Strength Measurement.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorElder Triple Screen- United StatesElder Triple Screen was developed in United States. Indicators developed in the USA, reflecting American trading principles
Know Sure Thing (KST)- United StatesKnow Sure Thing (KST) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Relative Vigor Index (RVI)- RussiaRelative Vigor Index (RVI) was developed in Russia. Trading indicators developed by Russian market analysts
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 ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple Screen- MediumThe popularity of Elder Triple Screen among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Know Sure Thing (KST)- LowThe popularity of Know Sure Thing (KST) among traders is considered Low. Indicators with lower adoption but potential unique insights
Relative Vigor Index (RVI)- LowThe popularity of Relative Vigor Index (RVI) 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 indicatorElder Triple Screen- Developed by Dr. Alexander Elder as a complete trading system
Know Sure Thing (KST)- Developed by Martin Pring
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Know Sure Thing (KST)- It's like a Swiss Army knife for trend analysis
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
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 ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
- DivergencesIndicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder Triple Screen- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)
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
Know Sure Thing (KST)- Incorporates Multiple Timeframes
- Smooth Signals
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge
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.
Know Sure Thing (KST)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Less Widely KnownRefers to trading indicators that are not as popular or commonly used by traders. Click to see all.
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)Customization 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.
Know Sure Thing (KST)- 7.5The customization score for Know Sure Thing (KST) is 7.5 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenKnow Sure Thing (KST)Relative Vigor Index (RVI)
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
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
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
💻
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