Compact mode
Elder Triple Screen vs Moving Average Convergence Divergence (MACD) vs Awesome Oscillator (AO)
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*Elder Triple ScreenAsset 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.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Elder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Known 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.
Moving Average Convergence Divergence (MACD)- Trend Strength And DirectionMoving Average Convergence Divergence (MACD) is known for Trend Strength And Direction.
Awesome Oscillator (AO)- Simplicity And EffectivenessAwesome Oscillator (AO) is known for Simplicity And Effectiveness.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Elder Triple Screen- LaggingElder Triple Screen is a Lagging indicator. Indicators that confirm trends after they have started Click to see all.
- LeadingElder Triple Screen is a Leading indicator. Indicators that predict future price movements Click to see all.
Moving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)
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
Moving Average Convergence Divergence (MACD)- Developed by Gerald Appel
Awesome Oscillator (AO)- Created by Bill Williams
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Moving Average Convergence Divergence (MACD)- Even your grandma knows this one but still can't use it properly
Awesome Oscillator (AO)- It's like a mood ring for the market's emotional state
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.For all*Elder Triple ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*- CrossoversIndicators that generate signals when one line crosses another, indicating trend changes
- DivergencesIndicators that show discrepancies between price and indicator movements, suggesting potential reversals
Elder Triple ScreenCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenMoving Average Convergence Divergence (MACD)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)
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
Moving Average Convergence Divergence (MACD)- Effective For Trend Identification
- Useful In Ranging Markets
Awesome Oscillator (AO)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.
Moving Average Convergence Divergence (MACD)- Can Produce False Signals In Choppy MarketsIndicators that minimize false signals in erratic or indecisive market conditions Click to see all.
- Lagging IndicatorIndicators that follow price action, potentially delaying trading signals in fast-moving markets. Click to see all.
Awesome Oscillator (AO)- Can Be Late In Signaling Trend ChangesIndicators designed to identify potential trend changes as early as possible. Click to see all.
- Requires Confirmation From Price ActionDescribes indicators that need validation from actual price movements before signals are considered reliable. Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)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.
Moving Average Convergence Divergence (MACD)- 7The customization score for Moving Average Convergence Divergence (MACD) is 7 out of 10.
Awesome Oscillator (AO)- 6.5The customization score for Awesome Oscillator (AO) is 6.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenMoving Average Convergence Divergence (MACD)Awesome Oscillator (AO)
Alternatives to Elder Triple Screen
Elder-Ray Index
Known for Combining Trend And Momentum💻 is easier to use than Elder Triple Screen
Ichimoku Cloud
Known for All-In-One Indicator💻 is easier to use than Elder Triple Screen
Know Sure Thing (KST)
Known for Trend Strength Measurement💻 is easier to use than Elder Triple Screen
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise💻 is easier to use than Elder Triple Screen
Moving Average Envelope
Known for Price Range Visualization💻 is easier to use than Elder Triple Screen
Fast Stochastic
Known for Rapid Momentum Shifts💻 is easier to use than Elder Triple Screen
Average Directional Index (ADX)
Known for Trend Strength Without Direction💻 is easier to use than Elder Triple Screen
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends💻 is easier to use than Elder Triple Screen
Chaikin Oscillator
Known for Accumulation/Distribution Trends💻 is easier to use than Elder Triple Screen
Exponential Moving Average (EMA)
Known for Smooth Price Movements💻 is easier to use than Elder Triple Screen
⭐ is rated higher overall than Elder Triple Screen