Compact mode
Elder Triple Screen vs Commodity Channel Index (CCI) vs Elder Impulse System
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.
Commodity Channel Index (CCI)Elder Impulse SystemAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*- ForexIndicators optimized for currency pair trading in the foreign exchange market.
- CommoditiesTrading indicators optimized for commodity markets like oil, gold, and agricultural products.
Elder Triple ScreenElder Impulse SystemKnown 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.
Commodity Channel Index (CCI)- Identifying Cyclical TrendsCommodity Channel Index (CCI) is known for Identifying Cyclical Trends.
Elder Impulse System- Combining Trend And MomentumElder Impulse System is known for Combining Trend And Momentum.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse System
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 ScreenCommodity Channel Index (CCI)Elder Impulse SystemPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityFor all*
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
Commodity Channel Index (CCI)- Originally developed for commodities
Elder Impulse System- Created by Dr. Alexander Elder a renowned trading psychologist
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Commodity Channel Index (CCI)- It's like a mood ring for the market - changes color frequently
Elder Impulse System- Traffic light for traders: green means go red means stop blue means nap time
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.
Commodity Channel Index (CCI)Elder Impulse System- Moving AveragesElder Impulse System uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- MACDElder Impulse System uses the MACD calculation method. Indicators utilizing Moving Average Convergence Divergence for trend and momentum analysis. Click to see all.
Signal Generation 📊
Describes the methods by which the indicator produces trading signalsElder 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.
- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals 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.
Commodity Channel Index (CCI)- ThresholdsCommodity Channel Index (CCI) generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met Click to see all.
- BreakoutsCommodity Channel Index (CCI) generates trading signals through Breakouts. Indicators that identify when price breaks key levels, signaling potential trends Click to see all.
Elder Impulse SystemCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenCommodity Channel Index (CCI)Elder Impulse System
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse System- Day TradersElder Impulse System is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder Impulse System 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 indicatorElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse System- Entry/Exit PointsElder Impulse System is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
- Trend ConfirmationElder Impulse System is primarily used for Trend Confirmation. Indicators that validate the strength and direction of price movements Click to see all.
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
Commodity Channel Index (CCI)- Effective For Overbought/Oversold Conditions
- Useful For Multiple Asset Classes
Elder Impulse System- Easy To Interpret Color-Coded Signals
- Combines Trend And Momentum
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.
Commodity Channel Index (CCI)- Can Produce False Signals In Non-Trending Markets
Elder Impulse System- Can Produce False Signals In Ranging Markets
- Requires Understanding Of Multiple Indicators
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse SystemEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse SystemVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse SystemCustomization 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.
Commodity Channel Index (CCI)- 7The customization score for Commodity Channel Index (CCI) is 7 out of 10.
Elder Impulse System- 6The customization score for Elder Impulse System is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenCommodity Channel Index (CCI)Elder Impulse System
Alternatives to Elder Triple Screen
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement💯 is more reliable than Commodity Channel Index (CCI)
Money Flow Index (MFI)
Known for Volume And Price Movements💯 is more reliable than Commodity Channel Index (CCI)
Elder-Ray Index
Known for Combining Trend And Momentum💯 is more reliable than Commodity Channel Index (CCI)
🔧 is more customizable than Commodity Channel Index (CCI)
⭐ is rated higher overall than Commodity Channel Index (CCI)
Ultimate Oscillator
Known for Multi-Timeframe Analysis🔀 is more versatile than Commodity Channel Index (CCI)
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement🔀 is more versatile than Commodity Channel Index (CCI)
🔧 is more customizable than Commodity Channel Index (CCI)
⭐ is rated higher overall than Commodity Channel Index (CCI)
Volume Oscillator
Known for Volume Divergence💯 is more reliable than Commodity Channel Index (CCI)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise💯 is more reliable than Commodity Channel Index (CCI)
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages💯 is more reliable than Commodity Channel Index (CCI)
⭐ is rated higher overall than Commodity Channel Index (CCI)
Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Commodity Channel Index (CCI)
Relative Strength Index (RSI)
Known for Momentum Measurement💯 is more reliable than Commodity Channel Index (CCI)
💻 is easier to use than Commodity Channel Index (CCI)
⭐ is rated higher overall than Commodity Channel Index (CCI)