Compact mode
Elder Triple Screen vs Fast Stochastic vs Relative Vigor Index (RVI)
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 ScreenFast StochasticKnown 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.
Fast Stochastic- Rapid Momentum ShiftsFast Stochastic is known for Rapid Momentum Shifts.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenFast StochasticRelative Vigor Index (RVI)
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 ScreenFast StochasticRelative Vigor Index (RVI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityElder Triple ScreenFast StochasticRelative Vigor Index (RVI)
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
Fast Stochastic- Often used in conjunction with Slow Stochastic for confirmation
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Fast Stochastic- Nicknamed the "hare" in contrast to Slow Stochastic's "tortoise"
Relative Vigor Index (RVI)- It's like measuring the market's caffeine intake
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.
Fast StochasticRelative Vigor Index (RVI)
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.
Fast StochasticRelative Vigor Index (RVI)Signal 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 ScreenFast StochasticRelative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenFast StochasticRelative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenFast Stochastic- Quick Entry/Exit SignalsFast Stochastic is primarily used for Quick Entry/Exit Signals.
Relative Vigor Index (RVI)
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
Fast Stochastic- Provides Earlier Signals Than Slow Stochastic
- Useful For Short-Term Trading
Relative Vigor Index (RVI)- Compares Closing Prices To Trading Ranges
- Less Known And UniqueOffers alternative perspectives on market dynamics, potentially providing an edge 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.
Fast Stochastic- More Prone To False SignalsIndicates that some indicators may generate more unreliable trading signals than others. Click to see all.
- Requires Careful Interpretation
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenFast StochasticRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenFast StochasticRelative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenFast StochasticRelative Vigor Index (RVI)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.
Fast Stochastic- 6.5The customization score for Fast Stochastic is 6.5 out of 10.
Relative Vigor Index (RVI)- 7The customization score for Relative Vigor Index (RVI) is 7 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenFast StochasticRelative Vigor Index (RVI)
Alternatives to Elder Triple Screen
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💻 is easier to use than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Aroon Up And Down
Known for Identifying Potential Trend Changes💻 is easier to use than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise🔀 is more versatile than Fast Stochastic
🔧 is more customizable than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Elder-Ray Index
Known for Combining Trend And Momentum🔀 is more versatile than Fast Stochastic
🔧 is more customizable than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Moving Average Convergence Divergence (MACD)
Known for Trend Strength And Direction💻 is easier to use than Fast Stochastic
🔀 is more versatile than Fast Stochastic
🔧 is more customizable than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Slow Stochastic
Known for Momentum Measurement💯 is more reliable than Fast Stochastic
💻 is easier to use than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Volume Weighted Moving Average (VWMA)
Known for Incorporating Volume Into Moving Averages💻 is easier to use than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Relative Strength Index (RSI)
Known for Momentum Measurement💯 is more reliable than Fast Stochastic
💻 is easier to use than Fast Stochastic
🔀 is more versatile than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 is more reliable than Fast Stochastic
💻 is easier to use than Fast Stochastic
🔧 is more customizable than Fast Stochastic
⭐ is rated higher overall than Fast Stochastic