Compact mode

Elder Triple Screen vs Keltner Channels vs Chaikin Volatility

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.

Elder Triple Screen

Trend

Elder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends

Momentum

Elder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.

Keltner Channels

Volatility

Keltner Channels is a Volatility type indicator. Indicators that measure market volatility and price fluctuations Click to see all.

Chaikin Volatility

Volatility

Chaikin Volatility is a Volatility type indicator. Indicators that measure market volatility and price fluctuations Click to see all.
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.

Elder Triple Screen

Forex

The asset classes Elder Triple Screen is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

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.

Keltner Channels

Forex

The asset classes Keltner Channels is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.

Chaikin Volatility

Options

The asset classes Chaikin Volatility is typically used for are Options. Indicators tailored for options trading, considering factors like volatility and time decay. Click to see all.

Futures

The asset classes Chaikin Volatility is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. 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.

Keltner Channels

Combining Moving Averages With Volatility

Keltner Channels is known for Combining Moving Averages With Volatility.

Chaikin Volatility

Trend Strength Confirmation

Chaikin Volatility is known for Trend Strength Confirmation.
Made In 🌍

The country or origin of the trading indicator

For all*

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*

Lagging

Indicators that confirm trends after they have started

Elder Triple Screen

Leading

Elder Triple Screen is a Leading indicator. Indicators that predict future price movements Click to see all.
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.

Keltner Channels

Intermediate

The complexity level of Keltner Channels is Intermediate. Indicators balancing complexity and usability for traders with some experience. Click to see all.

Chaikin Volatility

Advanced

The complexity level of Chaikin Volatility is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and 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

Keltner Channels

Named after Chester Keltner

Chaikin Volatility

Developed by Marc Chaikin to complement his other indicators
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

Keltner Channels

It's like a bodyguard for price trends keeping them in check

Chaikin Volatility

Sometimes called the "options trader's crystal ball"

Application Comparison

Timeframe 🕑

The time intervals or periods for which the trading indicator is most effective or commonly used.

For all*

Weekly

Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends.

Daily

Indicators optimized for daily chart analysis, suitable for swing and position traders.

Elder Triple Screen

Hourly

Elder 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.

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.

Keltner Channels

Moving Averages

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

Chaikin Volatility

Statistical

Chaikin Volatility uses the Statistical calculation method. Indicators using statistical methods for market analysis and prediction. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

For all*

Breakouts

Indicators that identify when price breaks key levels, signaling potential trends

Elder Triple Screen

Crossovers

Elder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Divergences

Elder Triple Screen 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

For all*

Period

Enables customization of analysis timeframe

Elder Triple Screen

Indicator Selection

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

Keltner Channels

Multiplier

Keltner Channels offers customization options for Multiplier. Allows customization of indicator's sensitivity or magnitude Click to see all.

Chaikin Volatility

Smoothing

Chaikin Volatility offers customization options for Smoothing. Adjustable smoothing for noise reduction 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.

Keltner Channels

Technical Traders

Keltner Channels is designed for Technical Traders. Offers advanced technical analysis tools, ideal for chart-based trading strategies Click to see all.

Chaikin Volatility

Options Traders

Chaikin Volatility is designed for Options Traders. Focuses on volatility and price movement predictions, crucial for options strategies 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.

Keltner Channels

Trend And Volatility Analysis

Keltner Channels is primarily used for Trend And Volatility Analysis. Indicators that assess price direction and market fluctuations Click to see all.

Chaikin Volatility

Volatility Measurement

Chaikin Volatility is primarily used for Volatility Measurement. Tools that quantify market price fluctuations and instability 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

Keltner Channels

Less Sensitive To Spikes Than Bollinger Bands

Provides more stable signals in volatile markets compared to Bollinger Bands

Good For Identifying Trends

Chaikin Volatility

Helps Identify Potential Breakouts

Useful For Options Pricing

Indicators that aid in determining fair value and volatility for options trading
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.

Keltner Channels

Can Produce False Signals In Choppy Markets

Indicators that minimize false signals in erratic or indecisive market conditions Click to see all.

Requires Proper Parameter Setting

Chaikin Volatility

Can Be Late In Signaling Volatility Changes

May Produce False Signals In Ranging Markets