Compact mode
Percentage Price Oscillator (PPO) vs Elder Force Index 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.Percentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Percentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorPercentage Price Oscillator (PPO)- Relative Strength MeasurementPercentage Price Oscillator (PPO) is known for Relative Strength Measurement.
Elder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Relative Vigor Index (RVI)- Trend ConfirmationRelative Vigor Index (RVI) is known for Trend Confirmation.
Made In 🌍
The country or origin of the trading indicatorPercentage Price Oscillator (PPO)Elder Force IndexRelative 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*Complexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorPercentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityPercentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorPercentage Price Oscillator (PPO)- Similar to MACD but uses percentage for comparison
Elder Force Index- Created by Dr. Alexander Elder in 1989
Relative Vigor Index (RVI)- Developed by John Ehlers
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorPercentage Price Oscillator (PPO)- It's the MACD's hipster cousin
Elder Force Index- It's like a lie detector for market trends
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*Percentage Price Oscillator (PPO)Relative Vigor Index (RVI)
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Percentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Percentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Customization Options 🔧
Lists the parameters that can be adjusted to fine-tune the indicatorFor all*Percentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorPercentage Price Oscillator (PPO)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.
Relative Vigor Index (RVI)Purpose 📈
The primary purpose or application of the trading indicatorPercentage Price Oscillator (PPO)- Comparing Momentum Across AssetsPercentage Price Oscillator (PPO) is primarily used for Comparing Momentum Across Assets.
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.
Relative Vigor Index (RVI)
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorPercentage Price Oscillator (PPO)- Useful For Comparing Assets
- Adaptable To Different 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
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 indicatorPercentage Price Oscillator (PPO)- Can Produce False Signals In Ranging Markets
- Requires Context
Elder Force Index- Less Popular
- Requires Additional Confirmation
Relative Vigor Index (RVI)
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorPercentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isPercentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesPercentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorPercentage Price Oscillator (PPO)- 7.5The customization score for Percentage Price Oscillator (PPO) is 7.5 out of 10.
Elder Force Index- 7The customization score for Elder Force Index is 7 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 metricsPercentage Price Oscillator (PPO)Elder Force IndexRelative Vigor Index (RVI)
Alternatives to Percentage Price Oscillator (PPO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 is more reliable than Percentage Price Oscillator (PPO)
Awesome Oscillator (AO)
Known for Simplicity And Effectiveness💯 is more reliable than Percentage Price Oscillator (PPO)
💻 is easier to use than Percentage Price Oscillator (PPO)
Momentum Indicator
Known for Price Velocity💻 is easier to use than Percentage Price Oscillator (PPO)
Know Sure Thing (KST)
Known for Trend Strength Measurement💯 is more reliable than Percentage Price Oscillator (PPO)
Chaikin Money Flow (CMF)
Known for Identifying Accumulation/Distribution💯 is more reliable than Percentage Price Oscillator (PPO)
Triple Exponential Average (TRIX)
Known for Filtering Out Market Noise💯 is more reliable than Percentage Price Oscillator (PPO)
Elder Triple Screen
Known for Trend-Momentum Alignment💯 is more reliable than Percentage Price Oscillator (PPO)
🔀 is more versatile than Percentage Price Oscillator (PPO)
🔧 is more customizable than Percentage Price Oscillator (PPO)
⭐ is rated higher overall than Percentage Price Oscillator (PPO)
Elder-Ray Index
Known for Combining Trend And Momentum💯 is more reliable than Percentage Price Oscillator (PPO)