Compact mode

Elder Triple Screen vs Stochastic RSI vs Awesome Oscillator (AO)

Table of content

General Information Comparison
Characteristics Comparison
Facts Comparison

Application Comparison
Technical Details Comparison
Usage Comparison
Evaluation Comparison
Performance Metrics Comparison

General Information Comparison

Indicator Type 📊

The category or classification of the trading indicator based on its primary function and analysis method.

For all*

Momentum

Measures rate of price change, ideal for identifying strong trends

Elder Triple Screen

Trend

Elder 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 used

For all*

Stocks

Indicators optimized for analyzing and predicting stock price movements in equity markets.

Forex

Indicators optimized for currency pair trading in the foreign exchange market.

Elder Triple Screen

Commodities

The 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.

Stochastic RSI

Commodities

The asset classes Stochastic RSI is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Cryptocurrencies

The asset classes Stochastic RSI is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.

Awesome Oscillator (AO)

Cryptocurrencies

The asset classes Awesome Oscillator (AO) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Known for 💭

The unique selling point or distinguishing feature of the trading indicator

Elder Triple Screen

Trend-Momentum Alignment

Elder Triple Screen is known for Trend-Momentum Alignment.

Stochastic RSI

Combining Strengths Of Two Popular Indicators

Stochastic RSI is known for Combining Strengths Of Two Popular Indicators.

Awesome Oscillator (AO)

Simplicity And Effectiveness

Awesome Oscillator (AO) is known for Simplicity And Effectiveness.
Made In 🌍

The country or origin of the trading indicator

Elder Triple Screen

United States

Elder Triple Screen was developed in United States. Indicators developed in the USA, reflecting American trading principles

Stochastic RSI

Unknown

Stochastic RSI was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance

Awesome Oscillator (AO)

United States

Awesome 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.

For all*

Leading

Indicators that predict future price movements

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

Elder Triple Screen

Advanced

The complexity level of Elder Triple Screen is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.

Stochastic RSI

Advanced

The complexity level of Stochastic RSI is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.

Awesome Oscillator (AO)

Intermediate

The complexity level of Awesome Oscillator (AO) is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.
Popularity 🏆

Indicates how widely used and recognized the indicator is in the trading community

For all*

Medium

Indicators with balanced adoption and potential effectiveness

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

Stochastic RSI

Combines two of the most popular indicators: Stochastic and RSI

Awesome Oscillator (AO)

Created by Bill Williams
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

Stochastic RSI

Sarcastically referred to as the 'indicator inception' due to its nested nature

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.

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.

Daily

Elder Triple Screen is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Hourly

Elder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.

Stochastic RSI

Any

Stochastic RSI is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.

Awesome Oscillator (AO)

Daily

Awesome Oscillator (AO) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Weekly

Awesome Oscillator (AO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

Calculation Method 🧮

The mathematical or analytical approach used to compute the trading indicator's values.

Elder Triple Screen

Moving Averages

Elder Triple Screen uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.

Oscillators

Elder Triple Screen uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.

Stochastic RSI

Oscillators

Stochastic RSI uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.

Awesome Oscillator (AO)

Moving Averages

Awesome Oscillator (AO) uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

For all*

Crossovers

Indicators that generate signals when one line crosses another, indicating trend changes

Elder Triple Screen

Divergences

Elder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals

Breakouts

Elder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends

Stochastic RSI

Thresholds

Stochastic RSI generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met

Awesome Oscillator (AO)

Divergences

Awesome 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 indicator

Elder Triple Screen

Period

Elder Triple Screen offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Indicator Selection

Elder Triple Screen offers customization options for Indicator Selection. Allows traders to choose specific indicators for analysis Click to see all.

Stochastic RSI

RSI Period

Stochastic RSI offers customization options for RSI Period. Allows customization of Relative Strength Index calculation period Click to see all.

Stochastic Period

Stochastic RSI offers customization options for Stochastic Period. Adjustable period for stochastic calculations Click to see all.

Awesome Oscillator (AO)

Period

Awesome Oscillator (AO) offers customization options for Period. Enables customization of analysis timeframe Click to see all.

Usage Comparison

For whom 👥

The target audience or user group for the trading indicator

Elder Triple Screen

Systematic Traders

Elder Triple Screen is designed for Systematic Traders. Provides quantifiable signals for rule-based trading systems, essential for algorithmic strategies Click to see all.

Stochastic RSI

Experienced Traders

Stochastic RSI is designed for Experienced Traders. Sophisticated tools for seasoned traders to gain deeper market insights Click to see all.

Awesome Oscillator (AO)

Momentum Traders

Awesome Oscillator (AO) is designed for Momentum Traders. Identifies and measures strength of price movements, ideal for capturing market momentum Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Elder Triple Screen

Multi-Timeframe Analysis

Elder Triple Screen is primarily used for Multi-Timeframe Analysis. Indicators that analyze trends across different time periods Click to see all.

Stochastic RSI

Overbought/Oversold Identification

Stochastic RSI is primarily used for Overbought/Oversold Identification. Indicators that detect extreme market valuations Click to see all.

Awesome Oscillator (AO)

Market Momentum Analysis

Awesome Oscillator (AO) is primarily used for Market Momentum Analysis. Indicators that measure strength and speed of price movements Click to see all.

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

Stochastic RSI

Highly Sensitive To Price Changes

Effective For Short-Term Trading

Awesome Oscillator (AO)

Easy To Interpret

Helps Identify Momentum Shifts

Useful for spotting changes in market momentum, helping traders time entries and exits
Cons 👎

Disadvantages or limitations of the trading indicator

Elder Triple Screen

Requires Understanding Of Multiple Indicators

Can Be Complex For Beginners

Easy-to-understand indicators suitable for traders new to technical analysis. Click to see all.

Stochastic RSI

Can Produce Frequent Signals

Prone To Whipsaws In Volatile Markets

Awesome Oscillator (AO)

Can Be Late In Signaling Trend Changes

Indicators designed to identify potential trend changes as early as possible. Click to see all.

Requires Confirmation From Price Action

Describes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.