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- ForexIndicators optimized for currency pair trading in the foreign exchange market. Click to see all.
- CommoditiesTrading 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 Alignment
Percentage Price Oscillator (PPO)- 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 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 indicator
Percentage Price Oscillator (PPO)- 7.5
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)