Compact mode
Elder Triple Screen vs Price Channel vs Parabolic SAR
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*Elder Triple ScreenAsset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Elder Triple Screen- StocksThe asset classes Elder Triple Screen is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- 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.
Price Channel- StocksThe asset classes Price Channel is typically used for are Stocks. Indicators optimized for analyzing and predicting stock price movements in equity markets. Click to see all.
- FuturesThe asset classes Price Channel is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
Parabolic SARKnown 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.
Price Channel- Range-Bound TradingPrice Channel is known for Range-Bound Trading.
Parabolic SAR- Trend Reversal And Exit PointsParabolic SAR is known for Trend Reversal And Exit Points.
Made In 🌍
The country or origin of the trading indicatorElder Triple ScreenPrice ChannelParabolic SAR
Characteristics Comparison
Lagging or Leading 🏁
Indicates whether the trading indicator is a lagging or leading type, reflecting its predictive nature.For all*Elder Triple ScreenComplexity Level 🧑
Indicates the level of expertise required to effectively use the indicatorElder Triple ScreenPrice ChannelParabolic SARPopularity 🏆
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 indicatorElder Triple Screen- Developed by Dr. Alexander Elder as a complete trading system
Price Channel- Originally popularized by Richard Donchian in the 1950s
Parabolic SAR- SAR stands for "Stop And Reverse"
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorElder Triple Screen- Jokingly referred to as the "three-headed monster" of trading systems
Price Channel- Sometimes called the "rich man's Bollinger Bands" due to its simplicity
Parabolic SAR- It's like a clingy ex - always trying to catch up with the price
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.For all*Elder Triple Screen- WeeklyElder Triple Screen is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
- HourlyElder Triple Screen is most effective for Hourly timeframes. Indicators tailored for hourly chart analysis, ideal for day traders and short-term strategies. Click to see all.
Price ChannelParabolic SAR
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Elder Triple Screen- Moving AveragesElder Triple Screen uses the Moving Averages calculation method. Indicators combining different moving averages for comprehensive trend analysis. Click to see all.
- OscillatorsElder Triple Screen uses the Oscillators calculation method. Indicators that oscillate between fixed values to show overbought or oversold conditions. Click to see all.
Price ChannelParabolic SARSignal Generation 📊
Describes the methods by which the indicator produces trading signalsFor all*Elder Triple Screen- CrossoversElder Triple Screen generates trading signals through Crossovers. Indicators that generate signals when one line crosses another, indicating trend changes Click to see all.
- DivergencesElder Triple Screen 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 indicatorElder Triple Screen- PeriodElder Triple Screen offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Indicator SelectionElder Triple Screen offers customization options for Indicator Selection. Allows traders to choose specific indicators for analysis Click to see all.
Price ChannelParabolic SAR
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorElder Triple ScreenPrice ChannelParabolic SARPurpose 📈
The primary purpose or application of the trading indicatorElder Triple ScreenPrice Channel- Trend Strength AssessmentPrice Channel is primarily used for Trend Strength Assessment.
Parabolic SAR
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
Price Channel- Easy To Interpret VisuallyIndicators with clear visual representations for quick market analysis Click to see all.
- Useful For Identifying Breakouts
Parabolic SARCons 👎
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.
Price Channel- Can Be Slow To React To Trend Changes
- May Generate False Signals In Choppy Markets
Parabolic SAR- Prone To Whipsaws In Ranging Markets
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorElder Triple ScreenPrice ChannelParabolic SAREase of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isElder Triple ScreenPrice ChannelParabolic SARVersatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesElder Triple ScreenPrice ChannelParabolic SARCustomization 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.
Price Channel- 5.5The customization score for Price Channel is 5.5 out of 10.
Parabolic SAR- 6The customization score for Parabolic SAR is 6 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsElder Triple ScreenPrice ChannelParabolic SAR
Alternatives to Elder Triple Screen
Moving Average Envelope
Known for Price Range Visualization💯 is more reliable than Price Channel
🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel
Donchian Channels
Known for Simplicity And Effectiveness💯 is more reliable than Price Channel
🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel
Pivot Points
Known for Identifying Potential Reversal Points🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel
Supertrend Indicator
Known for Simplifying Trend Following💯 is more reliable than Price Channel
Volume Oscillator
Known for Volume Divergence🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel
Average Directional Index (ADX)
Known for Trend Strength Without Direction💯 is more reliable than Price Channel
🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel
Exponential Moving Average (EMA)
Known for Smooth Price Movements💯 is more reliable than Price Channel
🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel
Guppy Multiple Moving Average
Known for Visualizing Short-Term And Long-Term Trends🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
McGinley Dynamic Indicator
Known for Improving On Traditional Moving Averages🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
Chaikin Volatility
Known for Trend Strength Confirmation🔀 is more versatile than Price Channel
🔧 is more customizable than Price Channel
⭐ is rated higher overall than Price Channel