Compact mode
Elder Triple Screen vs Moving Average Convergence Divergence (MACD) vs Hull Moving Average (HMA)
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.
Moving Average Convergence Divergence (MACD)Hull Moving Average (HMA)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.
- ForexIndicators optimized for currency pair trading in the foreign exchange market.
Elder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)- CommoditiesThe asset classes Hull Moving Average (HMA) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- CryptocurrenciesThe asset classes Hull Moving Average (HMA) is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
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.
Hull Moving Average (HMA)- Reducing Lag In Moving AveragesHull Moving Average (HMA) is known for Reducing Lag In Moving Averages.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)
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)Hull Moving Average (HMA)Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)
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
Hull Moving Average (HMA)- Developed by Alan Hull to address the lag in traditional moving averages
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
Hull Moving Average (HMA)- Humorously called the 'moving average on steroids' by some traders
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.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.
- DailyElder Triple Screen is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. 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.
Moving Average Convergence Divergence (MACD)- DailyMoving Average Convergence Divergence (MACD) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyMoving Average Convergence Divergence (MACD) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
Hull Moving Average (HMA)
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*Elder Triple Screen- 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.
Moving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Customization 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)Hull Moving Average (HMA)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)
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
Hull Moving Average (HMA)- Responds Quickly To Price Changes
- Reduces Lag SignificantlyProvides more timely signals, improving trade timing and potentially increasing profits Click to see all.
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.
Hull Moving Average (HMA)- Can Be Overly Sensitive In Volatile Markets
- Less Commonly Available In Trading PlatformsIndicators not widely available in trading platforms, potentially limiting their use for some traders. 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)Hull Moving Average (HMA)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)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.
Hull Moving Average (HMA)- 7The customization score for Hull Moving Average (HMA) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenMoving Average Convergence Divergence (MACD)Hull Moving Average (HMA)
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
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 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
Fast Stochastic
Known for Rapid Momentum Shifts💻 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
Moving Average Envelope
Known for Price Range Visualization💻 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
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