Compact mode
Elder Triple Screen vs Alligator Indicator vs Schaff Trend Cycle
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.
Alligator IndicatorSchaff Trend CycleAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder Triple Screen- StocksThe asset classes Elder Triple Screen is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- CommoditiesThe asset classes Elder Triple Screen is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Alligator IndicatorSchaff Trend CycleKnown 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.
Alligator Indicator- Identifying Market Sleep And AwakeningAlligator Indicator is known for Identifying Market Sleep And Awakening.
Schaff Trend Cycle- Combining Trend And Cycle AnalysisSchaff Trend Cycle is known for Combining Trend And Cycle Analysis.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenAlligator IndicatorSchaff Trend Cycle
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.
Alligator IndicatorSchaff Trend CycleComplexity 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 ScreenAlligator IndicatorSchaff Trend Cycle
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
Alligator Indicator- Named after the three moving average lines resembling an alligator's jaw nose and teeth
Schaff Trend Cycle- Developed by Doug Schaff a lesser-known but innovative technical analyst
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Alligator Indicator- Sometimes the alligator sleeps through the best trades
Schaff Trend Cycle- So cyclical it might make you dizzy
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.
Alligator IndicatorSchaff Trend Cycle
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.For all*Elder Triple ScreenSchaff Trend CycleSignal 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.
Schaff Trend CycleCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenAlligator IndicatorSchaff Trend Cycle
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenAlligator Indicator- Forex TradersAlligator Indicator is designed for Forex Traders. Specialized tools for analyzing currency pair movements and trends Click to see all.
- Cryptocurrency TradersAlligator Indicator is designed for Cryptocurrency Traders. Specialized tools for analyzing volatile digital asset markets Click to see all.
Schaff Trend Cycle- Technical AnalystsSchaff Trend Cycle is designed for Technical Analysts. Provides comprehensive technical analysis tools, crucial for chart pattern recognition Click to see all.
- Trend TradersSchaff Trend Cycle is designed for Trend Traders. Highlights direction and strength of market trends, crucial for trend-based strategies Click to see all.
Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenAlligator Indicator- Trend IdentificationAlligator Indicator is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Entry/Exit PointsAlligator Indicator is primarily used for Entry/Exit Points. Indicators for optimal trade entry and exit Click to see all.
Schaff Trend Cycle- Trend IdentificationSchaff Trend Cycle is primarily used for Trend Identification. Tools that help traders recognize and confirm established market trends Click to see all.
- Overbought/Oversold ConditionsSchaff Trend Cycle is primarily used for Overbought/Oversold Conditions. Indicators that identify extreme market conditions 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
Alligator Indicator- Combines Multiple Moving Averages
- Visual Representation Of Market Trends
Schaff Trend CycleCons 👎
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.
Alligator Indicator- Complex For BeginnersIndicators that are easy to understand and use for novice traders, facilitating learning and strategy development Click to see all.
- Prone To False Signals In Choppy Markets
Schaff Trend Cycle- Can Produce False Signals In Ranging Markets
- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenAlligator IndicatorSchaff Trend CycleEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isFor all*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenAlligator IndicatorSchaff Trend CycleCustomization 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.
Alligator Indicator- 7The customization score for Alligator Indicator is 7 out of 10.
Schaff Trend Cycle- 7The customization score for Schaff Trend Cycle is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenAlligator IndicatorSchaff Trend Cycle
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
Fast Stochastic
Known for Rapid Momentum Shifts💻 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
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 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
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
Chaikin Oscillator
Known for Accumulation/Distribution Trends💻 is easier to use than Elder Triple Screen