Compact mode
Exponential Moving Average (EMA) vs Elder Triple Screen vs Simple Moving Average (SMA)
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*- TrendIndicators that help identify and confirm market trends
Elder Triple ScreenAsset 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.
Exponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorExponential Moving Average (EMA)- Smooth Price MovementsExponential Moving Average (EMA) is known for Smooth Price Movements.
Elder Triple Screen- Trend-Momentum AlignmentElder Triple Screen is known for Trend-Momentum Alignment.
Simple Moving Average (SMA)- Smooth Price MovementsSimple Moving Average (SMA) is known for Smooth Price Movements.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators 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.For all*- LaggingIndicators that confirm trends after they have started
Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorExponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityExponential Moving Average (EMA)- HighThe popularity of Exponential Moving Average (EMA) among traders is considered High. Widely used and trusted indicators in the trading community
Elder Triple Screen- MediumThe popularity of Elder Triple Screen among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Simple Moving Average (SMA)- HighThe popularity of Simple Moving Average (SMA) among traders is considered High. Widely used and trusted indicators in the trading community
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorExponential Moving Average (EMA)- Used in the popular MACD indicator
Elder Triple Screen- Developed by Dr. Alexander Elder as a complete trading system
Simple Moving Average (SMA)- Oldest and most basic technical indicator
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorExponential Moving Average (EMA)- Even a snail moves faster than an EMA in a sideways market
Elder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Simple Moving Average (SMA)- Even your grandma could calculate it
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*- DailyIndicators optimized for daily chart analysis, suitable for swing and position traders.
Exponential Moving Average (EMA)- WeeklyExponential Moving Average (EMA) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
Elder Triple Screen- WeeklyElder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.
- 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
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple Screen
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorExponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)- BeginnersSimple Moving Average (SMA) is designed for Beginners. Simple and easy-to-understand tools for novice traders Click to see all.
- Long-Term InvestorsSimple Moving Average (SMA) is designed for Long-Term Investors. Emphasizes long-term trends and fundamental analysis, suited for buy-and-hold strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorExponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)- Trend IdentificationSimple Moving Average (SMA) is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Support And ResistanceSimple Moving Average (SMA) is primarily used for Support And Resistance. Indicators that identify key price levels where trends may pause or reverse Click to see all.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorExponential Moving Average (EMA)- Responds Quickly To Price Changes
- Easy To Interpret
Elder Triple Screen- Combines Multiple Indicators For ConfirmationIndicators that use multiple signals to confirm trading decisions
- Reduces False Signals
Simple Moving Average (SMA)- Easy To UnderstandIndicators with straightforward concepts and interpretations
- Widely UsedPopular indicators trusted by many traders for market analysis
Cons 👎
Disadvantages or limitations of the trading indicatorExponential Moving Average (EMA)- Can Lag In Volatile MarketsIndicators that provide timely signals in rapidly changing market conditions Click to see all.
- May Produce False Signals
Elder 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.
Simple Moving Average (SMA)
Performance Metrics Comparison
Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isExponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesExponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorExponential Moving Average (EMA)- 7The customization score for Exponential Moving Average (EMA) is 7 out of 10.
Elder Triple Screen- 8.5 🥇Best customizable trading indicatorThe customization score for Elder Triple Screen is 8.5 out of 10.
Simple Moving Average (SMA)- 6The customization score for Simple Moving Average (SMA) is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsExponential Moving Average (EMA)Elder Triple ScreenSimple Moving Average (SMA)
Alternatives to Exponential Moving Average (EMA)
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
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is easier to use than Elder Triple Screen
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is easier to use than Elder Triple Screen
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends
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is easier to use than Elder Triple Screen
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
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is easier to use than Elder Triple Screen