Pivot Points vs Elder Triple Screen vs Price Channel
Compact mode

Pivot Points vs Elder Triple Screen 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
    Pivot Points
    • Originally used by floor traders in equity and commodity exchanges
    Elder Triple Screen
    • Developed by Dr. Alexander Elder as a complete trading system
    Price Channel
    • Originally popularized by Richard Donchian in the 1950s

  • Sarcastic Fact 😉
    A humorous or ironic observation about the trading indicator
    Pivot Points
    • Often jokingly referred to as the 'lazy trader's crystal ball'
    Elder Triple Screen
    • Jokingly referred to as the "three-headed monster" of trading systems
    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*
    • Daily
      Indicators optimized for daily chart analysis, suitable for swing and position traders.
    • Weekly
      Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
    Pivot Points
    • Monthly
      Pivot Points is most effective for Monthly timeframes. Indicators for long-term trend analysis on monthly charts, suited for 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

Performance Metrics Comparison

Alternatives to Pivot Points
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