Compact mode
Market Facilitation Index (MFI) vs Elder Force Index vs Detrended Price Oscillator (DPO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Market Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Market Facilitation Index (MFI)- ForexThe asset classes Market Facilitation Index (MFI) is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Market Facilitation Index (MFI) is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Elder Force IndexDetrended Price Oscillator (DPO)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorMarket Facilitation Index (MFI)- Relationship Between Price Movement And VolumeMarket Facilitation Index (MFI) is known for Relationship Between Price Movement And Volume.
Elder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Made In 🌍
The country or origin of the trading indicatorMarket Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Complexity 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 communityFor all*
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorMarket Facilitation Index (MFI)- Developed by Bill Williams
Elder Force Index- Created by Dr. Alexander Elder in 1989
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorMarket Facilitation Index (MFI)- It's like a traffic light for trades but sometimes all colors flash at once!
Elder Force Index- It's like a lie detector for market trends
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Market Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)- DailyDetrended Price Oscillator (DPO) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyDetrended Price Oscillator (DPO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Market Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsMarket Facilitation Index (MFI)Elder Force Index- CrossoversElder Force Index generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- ThresholdsElder Force Index generates trading signals through Thresholds. Indicators that generate signals when certain predefined levels or conditions are met Click to see all.
Detrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements Click to see all.
- DivergencesDetrended Price Oscillator (DPO) generates trading signals through Divergences. Indicators that show discrepancies between price and indicator movements, suggesting potential reversals Click to see all.
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Elder Force IndexDetrended Price Oscillator (DPO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorMarket Facilitation Index (MFI)- Professional TradersMarket Facilitation Index (MFI) is designed for Professional Traders. Offers advanced analysis tools, suitable for sophisticated trading strategies Click to see all.
- Volume AnalystsMarket Facilitation Index (MFI) is designed for Volume Analysts. Focuses on trading volume patterns and anomalies, crucial for volume-based analysis Click to see all.
Elder Force Index- Day TradersElder Force Index is designed for Day Traders. Tools optimized for short-term intraday trading decisions Click to see all.
- Swing TradersElder Force Index is designed for Swing Traders. Identifies medium-term trends and potential reversal points, ideal for multi-day positions Click to see all.
Detrended Price Oscillator (DPO)Purpose 📈
The primary purpose or application of the trading indicatorMarket Facilitation Index (MFI)- Market Efficiency AnalysisMarket Facilitation Index (MFI) is primarily used for Market Efficiency Analysis. Indicators that evaluate market information processing speed Click to see all.
- Trade Volume BalanceMarket Facilitation Index (MFI) is primarily used for Trade Volume Balance.
Elder Force Index- Confirming TrendsElder Force Index is primarily used for Confirming Trends. Indicators for validating trend direction Click to see all.
- Identifying ReversalsElder Force Index is primarily used for Identifying Reversals. Indicators for potential trend changes Click to see all.
Detrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorMarket Facilitation Index (MFI)- Unique Volume-Price Relationship Analysis
- Identifies Market Phases
- Useful For Multiple Timeframes
Elder Force Index- Incorporates Both Price And VolumeCombines price and volume analysis for more comprehensive market insights Click to see all.
- Good For Spotting Reversals
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Cons 👎
Disadvantages or limitations of the trading indicatorMarket Facilitation Index (MFI)- Complex Interpretation
- Less Popular
- Requires Deep Market Understanding
Elder Force Index- Less Popular
- Requires Additional Confirmation
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorMarket Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)Ease 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 timeframesMarket Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorMarket Facilitation Index (MFI)- 7The customization score for Market Facilitation Index (MFI) is 7 out of 10.
Elder Force Index- 7The customization score for Elder Force Index is 7 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsMarket Facilitation Index (MFI)Elder Force IndexDetrended Price Oscillator (DPO)
Alternatives to Market Facilitation Index (MFI)
Elder-Ray Index
Known for Combining Trend And Momentum🔧 is more customizable than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Know Sure Thing (KST)
Known for Trend Strength Measurement🔧 is more customizable than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Volume Oscillator
Known for Volume Divergence💻 is easier to use than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Klinger Oscillator
Known for Trend Reversals And Continuations🔧 is more customizable than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Volume Profile
Known for Visualizing Trading Activity At Price Levels💯 is more reliable than Market Facilitation Index (MFI)
🔀 is more versatile than Market Facilitation Index (MFI)
🔧 is more customizable than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Choppiness Index
Known for Identifying Trending Vs Choppy Markets💯 is more reliable than Market Facilitation Index (MFI)
💻 is easier to use than Market Facilitation Index (MFI)
🔀 is more versatile than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Chande Momentum Oscillator (CMO)
Known for Momentum Measurement💻 is easier to use than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Woodies CCI
Known for Modification Of Traditional CCI💯 is more reliable than Market Facilitation Index (MFI)
💻 is easier to use than Market Facilitation Index (MFI)
🔧 is more customizable than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)
Rate Of Change (ROC)
Known for Speed Of Price Changes💻 is easier to use than Market Facilitation Index (MFI)
⭐ is rated higher overall than Market Facilitation Index (MFI)