Compact mode
Elder Triple Screen vs Commodity Channel Index (CCI)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Both*Elder Triple ScreenAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*- 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 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.
Commodity Channel Index (CCI)- Identifying Cyclical TrendsCommodity Channel Index (CCI) is known for Identifying Cyclical Trends.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Both*Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenCommodity Channel Index (CCI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*
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
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
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*- 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.Both*Elder Triple ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*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.
- DivergencesElder Triple Screen generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Commodity Channel Index (CCI)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorBoth*Elder Triple ScreenCommodity Channel Index (CCI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)
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
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
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenCommodity Channel Index (CCI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenCommodity Channel Index (CCI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenCommodity Channel Index (CCI)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.
Commodity Channel Index (CCI)- 7The customization score for Commodity Channel Index (CCI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenCommodity Channel Index (CCI)
Alternatives to Elder Triple Screen
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement💯 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)
Money Flow Index (MFI)
Known for Volume And Price Movements💯 is more reliable 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)
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)
Volume Oscillator
Known for Volume Divergence💯 is more reliable than Commodity Channel Index (CCI)
Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Commodity Channel Index (CCI)