Compact mode
Elder Triple Screen vs Moving Average Envelope vs Chaikin Volatility
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Elder Triple Screen- TrendElder Triple Screen is a Trend type indicator. Indicators that help identify and confirm market trends
- MomentumElder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Moving Average Envelope- TrendMoving Average Envelope is a Trend type indicator. Indicators that help identify and confirm market trends
Chaikin VolatilityAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder Triple Screen- ForexThe 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.
- CommoditiesThe 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.
Moving Average Envelope- ForexThe asset classes Moving Average Envelope is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Moving Average Envelope is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Chaikin Volatility- OptionsThe 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.
- FuturesThe 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 indicatorElder Triple Screen- Trend-Momentum AlignmentElder Triple Screen is known for Trend-Momentum Alignment.
Moving Average Envelope- Price Range VisualizationMoving Average Envelope is known for Price Range Visualization.
Chaikin Volatility- Trend Strength ConfirmationChaikin Volatility is known for Trend Strength Confirmation.
Made In 🌍
The country or origin of the trading indicatorFor all*- United StatesIndicators 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*- LaggingIndicators that confirm trends after they have started
Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenMoving Average EnvelopeChaikin VolatilityPopularity 🏆
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
Moving Average Envelope- Envelopes typically use 2% above and below the moving average
Chaikin Volatility- Developed by Marc Chaikin to complement his other indicators
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Moving Average Envelope- Often mistaken for Bollinger Bands by novice traders
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*- 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.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.
Moving Average EnvelopeChaikin VolatilitySignal 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
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenMoving Average EnvelopeChaikin Volatility
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenMoving Average EnvelopeChaikin VolatilityPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenMoving Average EnvelopeChaikin Volatility
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
Moving Average Envelope- Simple To Understand And Implement
- Helps Identify Overbought/Oversold ConditionsSignals when an asset may be overvalued or undervalued, helping traders spot potential reversals
Chaikin Volatility- Helps Identify Potential Breakouts
- Useful For Options PricingIndicators that aid in determining fair value and volatility for options trading
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.
Moving Average Envelope- Can Be Late In Signaling Trend ReversalsIndicators that excel in early trend reversal detection, minimizing delays in signaling changes Click to see all.
- Effectiveness Varies In Different Market Conditions
Chaikin Volatility- Can Be Late In Signaling Volatility Changes
- May Produce False Signals In Ranging Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenMoving Average EnvelopeChaikin VolatilityEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenMoving Average EnvelopeChaikin VolatilityVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenMoving Average EnvelopeChaikin VolatilityCustomization 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.
Moving Average Envelope- 7.5The customization score for Moving Average Envelope is 7.5 out of 10.
Chaikin Volatility- 7.5The customization score for Chaikin Volatility is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenMoving Average EnvelopeChaikin Volatility
Alternatives to Elder Triple Screen
Simple Moving Average (SMA)
Known for Smooth Price Movements
💯
is more reliable than Moving Average Envelope
💻
is easier to use than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
Keltner Channels
Known for Combining Moving Averages With Volatility
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is more versatile than Moving Average Envelope
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is more customizable than Moving Average Envelope
Directional Movement Index (DMI)
Known for Strength Of Price Movement
💯
is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
Ichimoku Cloud
Known for All-In-One Indicator
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is more versatile than Moving Average Envelope
Price Channel
Known for Range-Bound Trading
💻
is easier to use than Moving Average Envelope
Donchian Channels
Known for Simplicity And Effectiveness
💯
is more reliable than Moving Average Envelope
⭐
is rated higher overall than Moving Average Envelope
Exponential Moving Average (EMA)
Known for Smooth Price Movements
💯
is more reliable than Moving Average Envelope
💻
is easier to use than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
⭐
is rated higher overall than Moving Average Envelope
Average Directional Index (ADX)
Known for Trend Strength Without Direction
💯
is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
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is more reliable than Moving Average Envelope
🔀
is more versatile than Moving Average Envelope