Compact mode
Elder Triple Screen vs Hull Moving Average (HMA) vs Zigzag Indicator
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.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Hull Moving Average (HMA)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.
Hull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Zigzag Indicator- Filtering Market NoiseZigzag Indicator is known for Filtering Market Noise.
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
Hull Moving Average (HMA)- AustraliaHull Moving Average (HMA) was developed in Australia. Trading indicators developed by Australian market analysts
Zigzag Indicator- UnknownZigzag Indicator was developed in Unknown. Indicators with undisclosed country of origin, focusing on performance
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.
Hull Moving Average (HMA)Zigzag Indicator- LaggingZigzag Indicator is a Lagging indicator. Indicators that confirm trends after they have started
Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenHull Moving Average (HMA)Zigzag IndicatorPopularity 🏆
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
Hull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
Zigzag Indicator- Often used in conjunction with Fibonacci retracements
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Hull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Zigzag Indicator- Sarcastically called the 'hindsight is 20/20' indicator
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.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.
- DailyElder Triple Screen is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.
- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies.
Hull Moving Average (HMA)- AnyHull Moving Average (HMA) is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Zigzag Indicator- AnyZigzag Indicator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Elder Triple Screen- Moving AveragesElder Triple Screen uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- OscillatorsElder Triple Screen uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.
Hull Moving Average (HMA)Zigzag IndicatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- BreakoutsIndicators that identify when price breaks key levels, signaling potential trends
Elder Triple Screen- CrossoversElder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Hull Moving Average (HMA)- CrossoversHull Moving Average (HMA) generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
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.
Hull Moving Average (HMA)Zigzag Indicator- Percentage ChangeZigzag Indicator offers customization options for Percentage Change. Allows customization of price movement percentage thresholds Click to see all.
- DepthZigzag Indicator offers customization options for Depth. Enables fine-tuning of indicator sensitivity to market movements Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenHull Moving Average (HMA)Zigzag IndicatorPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenHull Moving Average (HMA)Zigzag Indicator
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
Hull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits
Zigzag Indicator- Helps Identify Significant Price Movements
- Useful For Elliot Wave AnalysisIndicators that complement Elliot Wave theory for advanced technical analysis
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.
Hull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. Click to see all.
Zigzag Indicator
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenHull Moving Average (HMA)Zigzag IndicatorEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenHull Moving Average (HMA)Zigzag IndicatorVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenHull Moving Average (HMA)Zigzag IndicatorCustomization 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.
Hull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Zigzag Indicator- 8The customization score for Zigzag Indicator is 8 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenHull Moving Average (HMA)Zigzag Indicator
Alternatives to Elder Triple Screen
Exponential Moving Average (EMA)
Known for Smooth Price Movements
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is easier to use than Hull Moving Average (HMA)
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is rated higher overall than Hull Moving Average (HMA)
Rate Of Change (ROC)
Known for Speed Of Price Changes
💻
is easier to use than Hull Moving Average (HMA)
Directional Movement Index (DMI)
Known for Strength Of Price Movement
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is more customizable than Hull Moving Average (HMA)
Rainbow Moving Average
Known for Visual Representation Of Multiple Timeframes
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is more customizable than Hull Moving Average (HMA)
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction
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is easier to use than Hull Moving Average (HMA)
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is more versatile than Hull Moving Average (HMA)