Compact mode
Elder Triple Screen vs Triple Exponential Average (TRIX) 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.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 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.
Triple Exponential Average (TRIX)- Filtering Out Market NoiseTriple Exponential Average (TRIX) is known for Filtering Out Market Noise.
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 ScreenTriple Exponential Average (TRIX)Schaff Trend Cycle
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 indicatorElder Triple ScreenTriple Exponential Average (TRIX)Schaff Trend CyclePopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple ScreenTriple Exponential Average (TRIX)Schaff 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
Triple Exponential Average (TRIX)- Combines triple smoothing with momentum
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
Triple Exponential Average (TRIX)- It's like a smoothie blender for price data
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*- 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 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.
Triple Exponential Average (TRIX)Schaff Trend CycleCustomization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Triple ScreenTriple Exponential Average (TRIX)Schaff Trend Cycle
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenTriple Exponential Average (TRIX)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 ScreenTriple Exponential Average (TRIX)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
Triple Exponential Average (TRIX)- Reduces WhipsawsMinimizes false signals in volatile markets, improving trade accuracy Click to see all.
- Identifies Major TrendsHighlights significant market movements, helping traders align with dominant trends Click to see all.
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.
Triple Exponential Average (TRIX)- Complex CalculationIndicators with straightforward calculations and easy-to-understand outputs for efficient analysis Click to see all.
- Potential Lag In Signals
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 ScreenTriple Exponential Average (TRIX)Schaff Trend CycleEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenTriple Exponential Average (TRIX)Schaff Trend CycleVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenTriple Exponential Average (TRIX)Schaff 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.
Triple Exponential Average (TRIX)- 7The customization score for Triple Exponential Average (TRIX) 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 ScreenTriple Exponential Average (TRIX)Schaff 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
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
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 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
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
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement💻 is easier to use than Elder Triple Screen