Compact mode

Elder Triple Screen vs Momentum Indicator vs Triple Exponential Average (TRIX)

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*

Momentum

Measures rate of price change, ideal for identifying strong trends

Elder Triple Screen

Trend

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

Forex

Indicators optimized for currency pair trading in the foreign exchange market.

Elder Triple Screen

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.

Momentum Indicator

Cryptocurrencies

The asset classes Momentum Indicator is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. 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.

Momentum Indicator

Price Velocity

Momentum Indicator is known for Price Velocity.

Triple Exponential Average (TRIX)

Filtering Out Market Noise

Triple Exponential Average (TRIX) is known for Filtering Out Market Noise.
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*

Leading

Indicators that predict future price movements

Elder Triple Screen

Lagging

Elder Triple Screen is a Lagging indicator. Indicators that confirm trends after they have started
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.

Momentum Indicator

Beginner

The complexity level of Momentum Indicator is Beginner. Simple and easy-to-understand indicators suitable for novice traders. Click to see all.

Triple Exponential Average (TRIX)

Intermediate

The complexity level of Triple Exponential Average (TRIX) is Intermediate. Indicators balancing complexity and usability for traders with some 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

Momentum Indicator

Often confused with the Rate of Change (ROC) indicator

Triple Exponential Average (TRIX)

Combines triple smoothing with momentum
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

Momentum Indicator

Jokingly referred to as the "lazy trader's best friend" due to its simplicity

Triple Exponential Average (TRIX)

It's like a smoothie blender for price data

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.

Momentum Indicator

Price-Based

Momentum Indicator uses the Price-Based calculation method. Indicators focusing on price movements and patterns for market analysis. Click to see all.

Triple Exponential Average (TRIX)

Moving Averages

Triple Exponential Average (TRIX) uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
Signal Generation 📊

Describes the methods by which the indicator produces trading signals

For all*

Crossovers

Indicators that generate signals when one line crosses another, indicating trend changes

Divergences

Indicators that show discrepancies between price and indicator movements, suggesting potential reversals

Elder Triple Screen

Breakouts

Elder 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 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.

Triple Exponential Average (TRIX)

Smoothing

Triple Exponential Average (TRIX) 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.

Momentum Indicator

Swing Traders

Momentum Indicator is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.

Triple Exponential Average (TRIX)

Experienced Traders

Triple Exponential Average (TRIX) is designed for Experienced Traders. Sophisticated tools for seasoned traders to gain deeper market insights 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.

Momentum Indicator

Trend Strength Measurement

Momentum Indicator is primarily used for Trend Strength Measurement. Tools that quantify the power and momentum of market trends Click to see all.

Triple Exponential Average (TRIX)

Identifying Trend Reversals

Triple Exponential Average (TRIX) is primarily used for Identifying Trend Reversals. Indicators for major trend direction changes 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

Momentum Indicator

Simple And Straightforward

Helps Identify Potential Reversals

Triple Exponential Average (TRIX)

Reduces Whipsaws

Minimizes false signals in volatile markets, improving trade accuracy

Identifies Major Trends

Highlights significant market movements, helping traders align with dominant trends
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.

Momentum Indicator

Can Be Noisy In Choppy Markets

Needs Confirmation From Other Indicators

Refers to indicators that require validation from other technical tools for reliable signals. Click to see all.

Triple Exponential Average (TRIX)

Complex Calculation

Indicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.

Potential Lag In Signals