Elder Triple Screen vs Stochastic RSI vs Percentage Price Oscillator (PPO)
Compact mode

Elder Triple Screen vs Stochastic RSI vs Percentage Price Oscillator (PPO)

Table of content

General Information Comparison

Characteristics Comparison

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
    Percentage Price Oscillator (PPO)
    • Similar to MACD but uses percentage for comparison

  • 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
    Percentage Price Oscillator (PPO)
    • It's the MACD's hipster cousin

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.
    Percentage Price Oscillator (PPO)
    • Daily
      Percentage Price Oscillator (PPO) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
    • Weekly
      Percentage Price Oscillator (PPO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Technical Details Comparison

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
    Percentage Price Oscillator (PPO)
    • Useful For Comparing Assets
    • Adaptable To Different Timeframes

  • Cons 👎
    Disadvantages or limitations of the trading indicator
    Elder Triple Screen
    Stochastic RSI
    • Can Produce Frequent Signals
    • Prone To Whipsaws In Volatile Markets
    Percentage Price Oscillator (PPO)
    • Can Produce False Signals In Ranging Markets
    • Requires Context

Performance Metrics Comparison

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
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻 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