Compact mode
Elder Triple Screen vs Guppy Multiple Moving Average
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Both*- TrendIndicators that help identify and confirm market trends
Elder Triple ScreenAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*- 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 ScreenKnown 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.
Guppy Multiple Moving Average- Visualizing Short-Term And Long-Term TrendsGuppy Multiple Moving Average is known for Visualizing Short-Term And Long-Term Trends.
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
Guppy Multiple Moving Average- 1990SGuppy Multiple Moving Average was developed in 1990S. Trading indicators created during the dot-com boom era
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Both*- LaggingIndicators that confirm trends after they have started
Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenGuppy Multiple Moving AveragePopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*- 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
Guppy Multiple Moving Average- Developed by Australian trader Daryl Guppy
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Guppy Multiple Moving Average- Sometimes looks like a colorful spaghetti mess on the chart
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*- 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.Both*Elder Triple ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
- DivergencesIndicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder Triple Screen- 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 indicatorBoth*Elder Triple ScreenGuppy Multiple Moving Average
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenGuppy Multiple Moving Average- Technical AnalystsGuppy Multiple Moving Average is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend FollowersGuppy Multiple Moving Average is designed for Trend Followers. Identifies and confirms long-term market trends, suitable for trend-following strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenGuppy Multiple Moving Average- Trend StrengthGuppy Multiple Moving Average is primarily used for Trend Strength. Tools that assess the power and momentum behind a market trend Click to see all.
- Trend ReversalGuppy Multiple Moving Average is primarily used for Trend Reversal. Indicators that signal potential changes in the current market trend direction Click to see all.
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
Guppy Multiple Moving Average- Clear Visual Representation Of TrendsIndicators offering easy-to-interpret visual cues for market trends
- Helps Identify Trend Strength
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.
Guppy Multiple Moving Average- Can Be Overwhelming With Multiple Lines
- Lag In Fast-Moving Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenGuppy Multiple Moving AverageEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenGuppy Multiple Moving AverageVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenGuppy Multiple Moving AverageCustomization 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.
Guppy Multiple Moving Average- 7.5The customization score for Guppy Multiple Moving Average is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenGuppy Multiple Moving Average
Alternatives to Elder Triple Screen
Elder-Ray Index
Known for Combining Trend And Momentum
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is more reliable than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is easier to use than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is more customizable than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Ichimoku Cloud
Known for All-In-One Indicator
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is more reliable than Guppy Multiple Moving Average
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is more versatile than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages
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is more reliable than Guppy Multiple Moving Average
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is easier to use than Guppy Multiple Moving Average
Aroon Up And Down
Known for Identifying Potential Trend Changes
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is more reliable than Guppy Multiple Moving Average
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is easier to use than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average
Average Directional Index (ADX)
Known for Trend Strength Without Direction
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
⭐
is rated higher overall than Guppy Multiple Moving Average
Volume Weighted Moving Average (VWMA)
Known for Incorporating Volume Into Moving Averages
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
🔀
is more versatile than Guppy Multiple Moving Average
⭐
is rated higher overall than Guppy Multiple Moving Average
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
💻
is easier to use than Guppy Multiple Moving Average
🔀
is more versatile than Guppy Multiple Moving Average
⭐
is rated higher overall than Guppy Multiple Moving Average
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
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is more reliable than Guppy Multiple Moving Average
💻
is easier to use than Guppy Multiple Moving Average
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is rated higher overall than Guppy Multiple Moving Average