Compact mode
Elder Triple Screen vs Chaikin Oscillator vs Detrended Price Oscillator (DPO)
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 Click to see all.
- MomentumElder Triple Screen is a Momentum type indicator. Measures rate of price change, ideal for identifying strong trends Click to see all.
Chaikin OscillatorDetrended Price Oscillator (DPO)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- StocksIndicators optimized for analyzing and predicting stock price movements in equity markets.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Elder Triple ScreenKnown 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.
Chaikin Oscillator- Accumulation/Distribution TrendsChaikin Oscillator is known for Accumulation/Distribution Trends.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)
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
Chaikin Oscillator- Developed by Marc Chaikin a renowned stock analyst
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Chaikin Oscillator- Sometimes referred to as the 'volume whisperer' in trading circles
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
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
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.
Chaikin Oscillator- Moving AveragesChaikin Oscillator uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- Volume-BasedChaikin Oscillator uses the Volume-Based calculation method. Indicators that analyze trading volume patterns for market insight. Click to see all.
Detrended Price Oscillator (DPO)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Elder Triple Screen- CrossoversElder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- BreakoutsElder Triple Screen generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends Click to see all.
Chaikin OscillatorDetrended Price Oscillator (DPO)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorElder Triple Screen- Combines Multiple Indicators For ConfirmationIndicators that use multiple signals to confirm trading decisions Click to see all.
- Reduces False Signals
Chaikin Oscillator- Combines Price And Volume Analysis
- Useful For Confirming Trends
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
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.
Chaikin Oscillator- Can Be Less Effective In Low-Volume Markets
- May Produce Lag In Fast-Moving Markets
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)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.
Chaikin Oscillator- 7.5The customization score for Chaikin Oscillator is 7.5 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenChaikin OscillatorDetrended Price Oscillator (DPO)
Alternatives to Elder Triple Screen
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 is easier to use than Chaikin Oscillator
Aroon Indicator
Known for Measuring Time Between Highs And Lows🔀 is more versatile than Chaikin Oscillator
Volume Oscillator
Known for Volume Divergence🔀 is more versatile than Chaikin Oscillator
Elder-Ray Index
Known for Combining Trend And Momentum🔀 is more versatile than Chaikin Oscillator
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement🔀 is more versatile than Chaikin Oscillator
⭐ is rated higher overall than Chaikin Oscillator
Keltner Channels
Known for Combining Moving Averages With Volatility🔀 is more versatile than Chaikin Oscillator
🔧 is more customizable than Chaikin Oscillator
Chaikin Money Flow Oscillator
Known for Measuring Buying/Selling Pressure🔀 is more versatile than Chaikin Oscillator
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise🔀 is more versatile than Chaikin Oscillator