Compact mode
Volume Profile vs Klinger Oscillator vs Elder Force Index
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.For all*- VolumeIndicators that analyze trading volume to confirm price movements
Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Volume Profile- FuturesThe asset classes Volume Profile is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
- CryptocurrenciesThe asset classes Volume Profile is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Klinger OscillatorElder Force IndexKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorVolume Profile- Visualizing Trading Activity At Price LevelsVolume Profile is known for Visualizing Trading Activity At Price Levels.
Klinger Oscillator- Trend Reversals And ContinuationsKlinger Oscillator is known for Trend Reversals And Continuations.
Elder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Made In 🌍
The country or origin of the trading indicatorVolume ProfileKlinger Oscillator- United StatesKlinger Oscillator was developed in United States. Indicators developed in the USA, reflecting American trading principles
Elder Force Index- United StatesElder 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.For all*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityVolume Profile- MediumThe popularity of Volume Profile among traders is considered Medium. Indicators with balanced adoption and potential effectiveness
Klinger Oscillator- LowThe popularity of Klinger Oscillator among traders is considered Low. Indicators with lower adoption but potential unique insights
Elder Force Index- LowThe 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 indicatorVolume Profile- Originated from Market Profile analysis
Klinger Oscillator- Developed by Stephen Klinger after decades of research
Elder Force Index- Created by Dr. Alexander Elder in 1989
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorVolume Profile- It's like a popularity contest for prices - but even the popular ones can let you down!
Klinger Oscillator- Often jokingly referred to as the 'volume detective' in trading circles
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 Profile- All TimeframesVolume Profile is most effective for All Timeframes timeframes. Versatile indicators suitable for any trading timeframe, from short-term to long-term analysis.
Klinger Oscillator- AnyKlinger Oscillator is most effective for Any timeframes. Flexible indicators adaptable to various trading timeframes, offering versatility in analysis.
Elder Force Index- DailyElder 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.For all*Klinger OscillatorSignal Generation 📊
Describes the methods by which the indicator produces trading signalsVolume Profile- Support/Resistance LevelsVolume Profile generates trading signals through Support/Resistance Levels. Indicators that identify key price levels where the market tends to pause or reverse
- Value AreasVolume Profile generates trading signals through Value Areas. Indicators that identify price ranges where most trading activity occurs
Klinger Oscillator- CrossoversKlinger Oscillator generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- DivergencesKlinger Oscillator generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder Force Index- CrossoversElder Force Index generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes
- ThresholdsElder 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 indicatorVolume Profile- Time PeriodVolume Profile offers customization options for Time Period. Customizable time period for calculations Click to see all.
- Value Area PercentageVolume Profile offers customization options for Value Area Percentage. Customizable value area for price distribution analysis Click to see all.
Klinger Oscillator- Short-Term PeriodKlinger Oscillator offers customization options for Short-Term Period. Allows customization of short-term analysis period Click to see all.
- Long-Term PeriodKlinger Oscillator offers customization options for Long-Term Period. Allows customization of long-term analysis timeframe Click to see all.
Elder Force Index
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorVolume Profile- Institutional TradersVolume Profile is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
- Order Flow AnalystsVolume Profile is designed for Order Flow Analysts. Analyzes buying and selling pressure, revealing market participants' intentions Click to see all.
Klinger OscillatorElder Force Index- Day TradersElder Force Index is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder 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 indicatorVolume Profile- Price DiscoveryVolume Profile is primarily used for Price Discovery. Indicators that aid in determining fair market value Click to see all.
- Support/Resistance IdentificationVolume Profile is primarily used for Support/Resistance Identification. Indicators that locate key price levels of market interest Click to see all.
Klinger Oscillator- Volume Force AnalysisKlinger Oscillator is primarily used for Volume Force Analysis.
Elder Force Index
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorVolume Profile- Shows Where Most Trading OccursReveals price zones with significant trading activity, useful for support/resistance analysis
- Identifies Key Price Levels
- Useful For Multiple Timeframes
Klinger Oscillator- Combines Volume And Price MovementIndicators that analyze both price changes and trading volume together
- Effective In Identifying Long-Term Trends
Elder Force Index- Incorporates Both Price And VolumeCombines price and volume analysis for more comprehensive market insights
- Good For Spotting Reversals
Cons 👎
Disadvantages or limitations of the trading indicatorVolume Profile- Can Be Cluttered On Charts
- Requires Understanding Of Market MicrostructureDescribes indicators that need knowledge of detailed market mechanics for effective use. Click to see all.
- Time-Consuming To Analyze
Klinger Oscillator- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Less Known And Used Compared To Other IndicatorsRefers to indicators that are not widely recognized or utilized in trading strategies. Click to see all.
Elder Force Index- Less Popular
- Requires Additional Confirmation
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorVolume ProfileKlinger OscillatorElder Force IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isFor all*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesVolume ProfileKlinger OscillatorElder Force IndexCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorVolume Profile- 7.5The customization score for Volume Profile is 7.5 out of 10.
Klinger Oscillator- 8The customization score for Klinger Oscillator is 8 out of 10.
Elder Force Index- 7The customization score for Elder Force Index is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsVolume ProfileKlinger OscillatorElder Force Index
Alternatives to Volume Profile
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement
💻
is easier to use than Volume Profile
Ichimoku Cloud
Known for All-In-One Indicator
🔀
is more versatile than Volume Profile
Kaufman's Adaptive Moving Average (KAMA)
Known for Self-Adjusting Moving Average
💻
is easier to use than Volume Profile
🔧
is more customizable than Volume Profile
⭐
is rated higher overall than Volume Profile
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators
💻
is easier to use than Volume Profile
🔧
is more customizable than Volume Profile
⭐
is rated higher overall than Volume Profile
Chaikin Oscillator
Known for Accumulation/Distribution Trends
💻
is easier to use than Volume Profile
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages
💻
is easier to use than Volume Profile
⭐
is rated higher overall than Volume Profile