Compact mode
Elder Triple Screen vs Percentage Price Oscillator (PPO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Both*Elder Triple ScreenAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedBoth*Elder Triple Screen- ForexThe asset classes Elder Triple Screen is typically used for are Forex. Indicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesThe asset classes Elder Triple Screen is typically used for are Commodities. Trading indicators optimized for commodity markets like oil, gold, and agricultural products. Click to see all.
Percentage Price Oscillator (PPO)Known 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.
Percentage Price Oscillator (PPO)- Relative Strength MeasurementPercentage Price Oscillator (PPO) is known for Relative Strength Measurement.
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.Both*Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenPercentage Price Oscillator (PPO)Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityBoth*
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
Percentage Price Oscillator (PPO)- Similar to MACD but uses percentage for comparison
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Percentage Price Oscillator (PPO)- It's the MACD's hipster cousin
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Both*- 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.Both*Elder Triple ScreenSignal Generation 📊
Describes the methods by which the indicator produces trading signalsBoth*- 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 indicatorBoth*Elder Triple ScreenPercentage Price Oscillator (PPO)
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenPercentage Price Oscillator (PPO)Purpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenPercentage Price Oscillator (PPO)- Comparing Momentum Across AssetsPercentage Price Oscillator (PPO) is primarily used for Comparing Momentum Across Assets.
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
Percentage Price Oscillator (PPO)- Useful For Comparing Assets
- Adaptable To Different Timeframes
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.
Percentage Price Oscillator (PPO)- Can Produce False Signals In Ranging Markets
- Requires Context
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenPercentage Price Oscillator (PPO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenPercentage Price Oscillator (PPO)Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenPercentage Price Oscillator (PPO)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.
Percentage Price Oscillator (PPO)- 7.5The customization score for Percentage Price Oscillator (PPO) is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenPercentage Price Oscillator (PPO)
Alternatives to Elder Triple Screen
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)
Know Sure Thing (KST)
Known for Trend Strength Measurement💯 is more reliable than Percentage Price Oscillator (PPO)
Momentum Indicator
Known for Price Velocity💻 is easier to use than Percentage Price Oscillator (PPO)
Chaikin Oscillator
Known for Accumulation/Distribution Trends💯 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-Ray Index
Known for Combining Trend And Momentum💯 is more reliable than Percentage Price Oscillator (PPO)