Compact mode
Volume Oscillator vs Market Facilitation Index (MFI) vs Elder Force Index
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*Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Volume Oscillator- CommoditiesThe asset classes Volume Oscillator is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
- FuturesThe asset classes Volume Oscillator is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see 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 IndexKnown for 💭
The unique selling point or distinguishing feature of the trading indicatorVolume Oscillator- Volume DivergenceVolume Oscillator is known for Volume Divergence.
Market 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.
Made In 🌍
The country or origin of the trading indicatorVolume OscillatorMarket Facilitation Index (MFI)Elder Force Index
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 indicatorVolume OscillatorMarket Facilitation Index (MFI)Elder Force IndexPopularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityVolume OscillatorMarket Facilitation Index (MFI)Elder Force Index
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorVolume Oscillator- Combines elements of Moving Average Convergence Divergence (MACD) with volume
Market Facilitation Index (MFI)- Developed by Bill Williams
Elder Force Index- Created by Dr. Alexander Elder in 1989
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorVolume Oscillator- Often called the "heartbeat monitor" of the market
Market 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
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Volume Oscillator- DailyVolume Oscillator is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyVolume Oscillator is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
Market Facilitation Index (MFI)Elder Force Index
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Volume OscillatorMarket Facilitation Index (MFI)Elder Force IndexSignal Generation 📊
Describes the methods by which the indicator produces trading signalsVolume OscillatorMarket 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.
Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Volume OscillatorElder Force Index
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorVolume OscillatorMarket 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.
Purpose 📈
The primary purpose or application of the trading indicatorVolume Oscillator- Volume Trend IdentificationVolume Oscillator is primarily used for Volume Trend Identification.
Market 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
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorVolume Oscillator- Helps Confirm Price Movements With VolumeIndicators that validate price changes by analyzing trading volume Click to see all.
- Useful For Spotting Fake Breakouts
Market Facilitation Index (MFI)- Unique Volume-Price Relationship Analysis
- Identifies Market Phases
- Useful For Multiple Timeframes
Elder Force IndexCons 👎
Disadvantages or limitations of the trading indicatorVolume Oscillator- Can Be Less Effective In Low-Volume Markets
- Requires Understanding Of Volume AnalysisDescribes indicators that need knowledge of volume interpretation for effective use. Click to see all.
Market Facilitation Index (MFI)- Complex Interpretation
- Less Popular
- Requires Deep Market Understanding
Elder Force Index- Less Popular
- Requires Additional Confirmation
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorVolume OscillatorMarket Facilitation Index (MFI)Elder Force IndexEase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isVolume OscillatorMarket Facilitation Index (MFI)Elder Force IndexVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesVolume OscillatorMarket Facilitation Index (MFI)Elder Force IndexCustomization Score 🔧
A score representing the degree of customization available for the trading indicatorFor all*Score ⭐
The overall score of the trading indicator based on various performance metricsVolume OscillatorMarket Facilitation Index (MFI)Elder Force Index
Alternatives to Volume Oscillator
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)
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)
Detrended Price Oscillator (DPO)
Known for Eliminating Long-Term Trends🔧 is more customizable 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)
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)
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)
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)