Compact mode
Elder Triple Screen vs Detrended Price Oscillator (DPO) vs Ease Of Movement
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.
Detrended Price Oscillator (DPO)Ease of MovementAsset 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.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Ease of Movement- Relating Volume To Price ChangeEase of Movement is known for Relating Volume To Price Change.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenDetrended Price Oscillator (DPO)Ease of Movement
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 indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple ScreenDetrended Price Oscillator (DPO)Ease of Movement
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
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Ease of Movement- Developed by Richard W. Arms Jr. creator of the Arms Index
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
Ease of Movement- So easy to move it might slide off your chart
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Elder Triple Screen- WeeklyElder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies. Click to see all.
Detrended Price Oscillator (DPO)
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.
Detrended Price Oscillator (DPO)Ease of Movement- VolumeEase of Movement uses the Volume calculation method. Indicators using trading volume data to analyze market trends and momentum. Click to see all.
- PriceEase of Movement uses the Price calculation method. Indicators primarily using price data for market analysis and prediction. Click to see all.
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.
Detrended Price Oscillator (DPO)Ease of MovementCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenDetrended Price Oscillator (DPO)Ease of Movement
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenDetrended Price Oscillator (DPO)Ease of Movement- Technical AnalystsEase of Movement is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Volume TradersEase of Movement is designed for Volume Traders. Analyzes trading volume in relation to price movements, ideal for volume-based strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenDetrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Ease of Movement- Volume AnalysisEase of Movement is primarily used for Volume Analysis. Tools that assess trading volume to provide insights into price movements Click to see all.
- Trend StrengthEase of Movement is primarily used for Trend Strength. Tools that assess the power and momentum behind a market trend 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
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Ease of Movement- Unique Volume-Price Relationship Analysis
- Helps Identify Potential Reversals
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.
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Ease of Movement- Can Be Noisy In High-Volatility Periods
- Less Popular Than Other Volume Indicators
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenDetrended Price Oscillator (DPO)Ease of MovementEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenDetrended Price Oscillator (DPO)Ease of MovementVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenDetrended Price Oscillator (DPO)Ease of MovementCustomization 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.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Ease of Movement- 6.5The customization score for Ease of Movement is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenDetrended Price Oscillator (DPO)Ease of Movement
Alternatives to Elder Triple Screen
Elder-Ray Index
Known for Combining Trend And Momentum💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Know Sure Thing (KST)
Known for Trend Strength Measurement💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Relative Vigor Index (RVI)
Known for Trend Confirmation💻 is easier to use than Detrended Price Oscillator (DPO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Elder Force Index
Known for Combining Price And Volume🔀 is more versatile than Detrended Price Oscillator (DPO)
Ichimoku Cloud
Known for All-In-One Indicator💯 is more reliable than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Moving Average Envelope
Known for Price Range Visualization💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Choppiness Index
Known for Identifying Trending Vs Choppy Markets💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Aroon Up And Down
Known for Identifying Potential Trend Changes💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement💯 is more reliable than Detrended Price Oscillator (DPO)
💻 is easier to use than Detrended Price Oscillator (DPO)
🔀 is more versatile than Detrended Price Oscillator (DPO)
⭐ is rated higher overall than Detrended Price Oscillator (DPO)