Compact mode
Elder Triple Screen vs Rainbow Moving Average vs Awesome Oscillator (AO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Elder Triple Screen- TrendElder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends
- MomentumElder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Rainbow Moving Average- TrendRainbow Moving Average is a Trend type indicator. Indicators that help identify and confirm market trends
Awesome Oscillator (AO)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Elder Triple ScreenRainbow Moving AverageAwesome Oscillator (AO)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.
Rainbow Moving Average- Visual Representation Of Multiple TimeframesRainbow Moving Average is known for Visual Representation Of Multiple Timeframes.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
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
Rainbow Moving AverageAwesome Oscillator (AO)- United StatesAwesome Oscillator (AO) was developed in United States. Indicators developed in the USA, reflecting American trading principles
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Elder Triple Screen- LaggingElder Triple Screen is a Lagging indicator. Indicators that confirm trends after they have started
- LeadingElder Triple Screen is a Leading indicator. Indicators that predict future price movements Click to see all.
Rainbow Moving Average- LaggingRainbow Moving Average is a Lagging indicator. Indicators that confirm trends after they have started
Awesome Oscillator (AO)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenRainbow Moving AverageAwesome Oscillator (AO)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*- MediumIndicators with balanced adoption and potential effectiveness
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
Rainbow Moving Average- Uses multiple moving averages to create a colorful display
Awesome Oscillator (AO)- Created by Bill Williams
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Rainbow Moving Average- It's like a weather forecast for your trades - pretty to look at but not always accurate!
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
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
Elder Triple Screen- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Rainbow Moving Average- Color ChangesRainbow Moving Average generates trading signals through Color Changes. Indicators using color shifts to visually represent changing market conditions
Awesome Oscillator (AO)- DivergencesAwesome Oscillator (AO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorElder Triple Screen- PeriodElder Triple Screen offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Indicator SelectionElder Triple Screen offers customization options for Indicator Selection. Allows traders to choose specific indicators for analysis Click to see all.
Rainbow Moving Average- Number Of MAsRainbow Moving Average offers customization options for Number Of MAs. Enables customization of how many moving averages to use Click to see all.
- MA TypesRainbow Moving Average offers customization options for MA Types. Enables selection of various moving average calculations Click to see all.
- PeriodsRainbow Moving Average offers customization options for Periods. Allows customization of multiple analysis timeframes Click to see all.
Awesome Oscillator (AO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenRainbow Moving Average- Visual TradersRainbow Moving Average is designed for Visual Traders. Provides clear visual representations of market conditions, ideal for chart-based analysis Click to see all.
- Trend FollowersRainbow Moving Average is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Awesome Oscillator (AO)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenRainbow Moving Average- Trend IdentificationRainbow Moving Average is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Entry/Exit PointsRainbow Moving Average is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
Awesome Oscillator (AO)
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
Rainbow Moving Average- Visually Appealing
- Incorporates Multiple Timeframes
- Smooth Signal
Awesome Oscillator (AO)- Easy To Interpret
- Helps Identify Momentum ShiftsUseful for spotting changes in market momentum, helping traders time entries and exits
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.
Rainbow Moving Average- Can Be Overwhelming For Beginners
- Potential For Overanalysis
- Lag In Fast MarketsIndicators that may lag behind in rapidly changing markets, potentially missing quick opportunities. Click to see all.
Awesome Oscillator (AO)- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Requires Confirmation From Price ActionDescribes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenRainbow Moving AverageAwesome Oscillator (AO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenRainbow Moving AverageAwesome Oscillator (AO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenRainbow Moving AverageAwesome Oscillator (AO)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.
Rainbow Moving Average- 8.5The customization score for Rainbow Moving Average is 8.5 out of 10.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenRainbow Moving AverageAwesome Oscillator (AO)
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
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
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
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
💻
is easier to use than Elder Triple Screen