Compact mode
Elder Triple Screen vs Volume Oscillator vs Triple Exponential Average (TRIX)
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.
Volume Oscillator- VolumeVolume Oscillator is a Volume type indicator. Indicators that analyze trading volume to confirm price movements
Triple Exponential Average (TRIX)Asset 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.
Volume Oscillator- CommoditiesThe 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.
- FuturesThe asset classes Volume Oscillator is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
Triple Exponential Average (TRIX)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.
Volume Oscillator- Volume DivergenceVolume Oscillator is known for Volume Divergence.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
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*Elder Triple Screen- LaggingElder 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 indicatorElder Triple ScreenVolume OscillatorTriple Exponential Average (TRIX)Popularity 🏆
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
Volume Oscillator- Combines elements of Moving Average Convergence Divergence (MACD) with volume
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Volume Oscillator- Often called the "heartbeat monitor" of the market
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*- 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.
Volume OscillatorTriple Exponential Average (TRIX)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
Elder Triple Screen- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends
Triple Exponential Average (TRIX)- DivergencesTriple Exponential Average (TRIX) 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 ScreenVolume OscillatorTriple Exponential Average (TRIX)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenVolume OscillatorTriple Exponential Average (TRIX)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenVolume Oscillator- Volume Trend IdentificationVolume Oscillator is primarily used for Volume Trend Identification.
Triple Exponential Average (TRIX)
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
Volume Oscillator- Helps Confirm Price Movements With VolumeIndicators that validate price changes by analyzing trading volume
- Useful For Spotting Fake Breakouts
Triple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends
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.
Volume Oscillator- Can Be Less Effective In Low-Volume Markets
- Requires Understanding Of Volume AnalysisDescribes indicators that need knowledge of volume interpretation for effective use. Click to see all.
Triple Exponential Average (TRIX)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenVolume OscillatorTriple Exponential Average (TRIX)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenVolume OscillatorTriple Exponential Average (TRIX)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenVolume OscillatorTriple Exponential Average (TRIX)Customization 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.
Volume Oscillator- 7The customization score for Volume Oscillator is 7 out of 10.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenVolume OscillatorTriple Exponential Average (TRIX)
Alternatives to Elder Triple Screen
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💯
is more reliable than Volume Oscillator
💻
is easier to use than Volume Oscillator
🔧
is more customizable than Volume Oscillator
⭐
is rated higher overall than Volume Oscillator
Aroon Indicator
Known for Measuring Time Between Highs And Lows
💯
is more reliable than Volume Oscillator
💻
is easier to use than Volume Oscillator
⭐
is rated higher overall than Volume Oscillator
Directional Movement Index (DMI)
Known for Strength Of Price Movement
💯
is more reliable than Volume Oscillator
🔧
is more customizable than Volume Oscillator
⭐
is rated higher overall than Volume Oscillator
Aroon Up And Down
Known for Identifying Potential Trend Changes
💻
is easier to use than Volume Oscillator
Commodity Channel Index (CCI)
Known for Identifying Cyclical Trends
💻
is easier to use than Volume Oscillator
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness
💻
is easier to use than Volume Oscillator
⭐
is rated higher overall than Volume Oscillator