Compact mode

Volume Oscillator vs Market Facilitation Index (MFI) vs Elder Force Index

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*

Volume

Indicators that analyze trading volume to confirm price movements
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.

Volume Oscillator

Commodities

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

Futures

The asset classes Volume Oscillator is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.

Market Facilitation Index (MFI)

Forex

The asset classes Market Facilitation Index (MFI) 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 Market Facilitation Index (MFI) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.

Elder Force Index

Forex

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

The unique selling point or distinguishing feature of the trading indicator

Volume Oscillator

Volume Divergence

Volume Oscillator is known for Volume Divergence.

Market Facilitation Index (MFI)

Relationship Between Price Movement And Volume

Market Facilitation Index (MFI) is known for Relationship Between Price Movement And Volume.

Elder Force Index

Combining Price And Volume

Elder Force Index is known for Combining Price And Volume.
Made In 🌍

The country or origin of the trading indicator

Volume Oscillator

United States

Volume Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles

Market Facilitation Index (MFI)

USA

Market Facilitation Index (MFI) was developed in USA. Trading indicators developed by American market analysts

Elder Force Index

United States

Elder Force Index 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.

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Leading

Indicators that predict future price movements
Complexity Level 🧑

Indicates the level of expertise required to effectively use the indicator

Volume Oscillator

Intermediate

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

Market Facilitation Index (MFI)

Advanced

The complexity level of Market Facilitation Index (MFI) is Advanced. Sophisticated indicators designed for traders with extensive market knowledge and experience. Click to see all.

Elder Force Index

Advanced

The complexity level of Elder Force Index 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

Volume Oscillator

Medium

The popularity of Volume Oscillator among traders is considered Medium. Indicators with balanced adoption and potential effectiveness

Market Facilitation Index (MFI)

Low

The popularity of Market Facilitation Index (MFI) among traders is considered Low. Indicators with lower adoption but potential unique insights

Elder Force Index

Low

The popularity of Elder Force Index among traders is considered Low. Indicators with lower adoption but potential unique insights

Facts Comparison

Interesting Fact 💡

An intriguing or lesser-known fact about the trading indicator

Volume Oscillator

Combines elements of Moving Average Convergence Divergence (MACD) with volume

Market Facilitation Index (MFI)

Developed by Bill Williams

Elder Force Index

Created by Dr. Alexander Elder in 1989
Sarcastic Fact 😉

A humorous or ironic observation about the trading indicator

Volume Oscillator

Often called the "heartbeat monitor" of the market

Market Facilitation Index (MFI)

It's like a traffic light for trades but sometimes all colors flash at once!

Elder Force Index

It's like a lie detector for market trends

Application Comparison

Timeframe 🕑

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

Volume Oscillator

Daily

Volume Oscillator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders.

Weekly

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

Market Facilitation Index (MFI)

All Timeframes

Market Facilitation Index (MFI) is most effective for All Timeframes timeframes. Versatile indicators suitable for any trading timeframe, from short-term to long-term analysis.

Elder Force Index

Daily

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

Technical Details Comparison

Calculation Method 🧮

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

Volume Oscillator

Statistical

Volume Oscillator uses the Statistical calculation method. Indicators using statistical methods for market analysis and prediction. Click to see all.

Market Facilitation Index (MFI)

Volume-Based

Market Facilitation Index (MFI) uses the Volume-Based calculation method. Indicators that analyze trading volume patterns for market insight. Click to see all.

Elder Force Index

Volume-Based

Elder Force Index uses the Volume-Based calculation method. Indicators that analyze trading volume patterns for market insight. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

Volume Oscillator

Crossovers

Volume Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes

Market Facilitation Index (MFI)

Color Changes

Market Facilitation Index (MFI) generates trading signals through Color Changes. Indicators using color shifts to visually represent changing market conditions

Elder Force Index

Crossovers

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

Thresholds

Elder Force Index generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met
Customization Options 🔧

Lists the parameters that can be adjusted to fine-tune the indicator

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Period

Enables customization of analysis timeframe

Volume Oscillator

Smoothing

Volume Oscillator offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.

Elder Force Index

Smoothing

Elder Force Index 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

Volume Oscillator

Volume Analysts

Volume Oscillator is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.

Market Facilitation Index (MFI)

Professional Traders

Market Facilitation Index (MFI) is designed for Professional Traders. Offers advanced analysis tools, suitable for sophisticated trading strategies Click to see all.

Volume Analysts

Market Facilitation Index (MFI) is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.

Elder Force Index

Day Traders

Elder Force Index is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.

Swing Traders

Elder Force Index is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Purpose 📈

The primary purpose or application of the trading indicator

Volume Oscillator

Volume Trend Identification

Volume Oscillator is primarily used for Volume Trend Identification.

Market Facilitation Index (MFI)

Market Efficiency Analysis

Market Facilitation Index (MFI) is primarily used for Market Efficiency Analysis. Indicators that evaluate market information processing speed Click to see all.

Trade Volume Balance

Market Facilitation Index (MFI) is primarily used for Trade Volume Balance.

Elder Force Index

Confirming Trends

Elder Force Index is primarily used for Confirming Trends. Indicators for validating trend direction Click to see all.

Identifying Reversals

Elder Force Index is primarily used for Identifying Reversals. Indicators for potential trend changes Click to see all.

Evaluation Comparison

Pros 👍

Advantages of using the trading indicator

Volume Oscillator

Helps Confirm Price Movements With Volume

Indicators that validate price changes by analyzing trading volume

Useful For Spotting Fake Breakouts

Market Facilitation Index (MFI)

Unique Volume-Price Relationship Analysis

Identifies Market Phases

Useful For Multiple Timeframes

Elder Force Index

Incorporates Both Price And Volume

Combines price and volume analysis for more comprehensive market insights

Good For Spotting Reversals
Cons 👎

Disadvantages or limitations of the trading indicator

Volume Oscillator

Can Be Less Effective In Low-Volume Markets

Requires Understanding Of Volume Analysis

Describes indicators that need knowledge of volume interpretation for effective use. Click to see all.

Market Facilitation Index (MFI)

Complex Interpretation

Less Popular

Requires Deep Market Understanding

Elder Force Index

Less Popular

Requires Additional Confirmation