Compact mode
Volume Profile vs Elder Force Index vs Detrended Price Oscillator (DPO)
Table of content
General Information Comparison
Indicator Type 📊
The category or classification of the trading indicator based on its primary function and analysis method.Volume ProfileElder Force IndexDetrended Price Oscillator (DPO)Asset Class 💰
Specifies the financial instruments for which the indicator is most commonly usedFor all*Volume Profile- FuturesThe asset classes Volume Profile is typically used for are Futures. Indicators designed for trading futures contracts across various asset classes. Click to see all.
- CryptocurrenciesThe asset classes Volume Profile is typically used for are Cryptocurrencies. Indicators tailored for the volatile and 24/7 nature of cryptocurrency trading. Click to see all.
Elder Force IndexDetrended Price Oscillator (DPO)Known for 💭
The unique selling point or distinguishing feature of the trading indicatorVolume Profile- Visualizing Trading Activity At Price LevelsVolume Profile is known for Visualizing Trading Activity At Price Levels.
Elder Force Index- Combining Price And VolumeElder Force Index is known for Combining Price And Volume.
Detrended Price Oscillator (DPO)- Eliminating Long-Term TrendsDetrended Price Oscillator (DPO) is known for Eliminating Long-Term Trends.
Made In 🌍
The country or origin of the trading indicatorVolume ProfileElder Force IndexDetrended Price Oscillator (DPO)
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 indicatorFor all*Popularity 🏆
Indicates how widely used and recognized the indicator is in the trading communityVolume ProfileElder Force IndexDetrended Price Oscillator (DPO)
Facts Comparison
Interesting Fact 💡
An intriguing or lesser-known fact about the trading indicatorVolume Profile- Originated from Market Profile analysis
Elder Force Index- Created by Dr. Alexander Elder in 1989
Detrended Price Oscillator (DPO)- Designed to eliminate trend from price
Sarcastic Fact 😉
A humorous or ironic observation about the trading indicatorVolume Profile- It's like a popularity contest for prices - but even the popular ones can let you down!
Elder Force Index- It's like a lie detector for market trends
Detrended Price Oscillator (DPO)- It's like a time machine for price trends
Application Comparison
Timeframe 🕑
The time intervals or periods for which the trading indicator is most effective or commonly used.Volume ProfileElder Force IndexDetrended Price Oscillator (DPO)- DailyDetrended Price Oscillator (DPO) is most effective for Daily timeframes. Indicators optimized for daily chart analysis, suitable for swing and position traders. Click to see all.
- WeeklyDetrended Price Oscillator (DPO) is most effective for Weekly timeframes. Indicators optimized for weekly chart analysis, balancing short-term noise and long-term trends. Click to see all.
Technical Details Comparison
Calculation Method 🧮
The mathematical or analytical approach used to compute the trading indicator's values.Volume ProfileElder Force IndexDetrended Price Oscillator (DPO)Signal Generation 📊
Describes the methods by which the indicator produces trading signalsVolume Profile- Support/Resistance LevelsVolume Profile generates trading signals through Support/Resistance Levels. Indicators that identify key price levels where the market tends to pause or reverse Click to see all.
- Value AreasVolume Profile generates trading signals through Value Areas. Indicators that identify price ranges where most trading activity occurs Click to see all.
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.
Detrended Price Oscillator (DPO)- CyclesDetrended Price Oscillator (DPO) generates trading signals through Cycles. Indicators that identify recurring patterns or cycles in market movements Click to see all.
- DivergencesDetrended Price Oscillator (DPO) 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 indicatorVolume Profile- Time PeriodVolume Profile offers customization options for Time Period. Customizable time period for calculations Click to see all.
- Value Area PercentageVolume Profile offers customization options for Value Area Percentage. Customizable value area for price distribution analysis Click to see all.
Elder Force Index- PeriodElder Force Index offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- SmoothingElder Force Index offers customization options for Smoothing. Adjustable smoothing for noise reduction Click to see all.
Detrended Price Oscillator (DPO)- PeriodDetrended Price Oscillator (DPO) offers customization options for Period. Enables customization of analysis timeframe Click to see all.
- Cycle LengthDetrended Price Oscillator (DPO) offers customization options for Cycle Length. Allows traders to customize the time frame for pattern recognition Click to see all.
Usage Comparison
For whom 👥
The target audience or user group for the trading indicatorVolume Profile- Institutional TradersVolume Profile is designed for Institutional Traders. Tailored for large-scale trading decisions and portfolio management Click to see all.
- Order Flow AnalystsVolume Profile is designed for Order Flow Analysts. Analyzes buying and selling pressure, revealing market participants' intentions 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.
Detrended Price Oscillator (DPO)Purpose 📈
The primary purpose or application of the trading indicatorVolume Profile- Price DiscoveryVolume Profile is primarily used for Price Discovery. Indicators that aid in determining fair market value Click to see all.
- Support/Resistance IdentificationVolume Profile is primarily used for Support/Resistance Identification. Indicators that locate key price levels of market interest Click to see all.
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.
Detrended Price Oscillator (DPO)- Identifying Cycles And TrendsDetrended Price Oscillator (DPO) is primarily used for Identifying Cycles And Trends.
Evaluation Comparison
Pros 👍
Advantages of using the trading indicatorVolume Profile- Shows Where Most Trading OccursReveals price zones with significant trading activity, useful for support/resistance analysis Click to see all.
- Identifies Key Price Levels
- Useful For Multiple 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
Detrended Price Oscillator (DPO)- Helps Identify Cycles
- Removes Long-Term Trend Bias
Cons 👎
Disadvantages or limitations of the trading indicatorVolume Profile- Can Be Cluttered On Charts
- Requires Understanding Of Market MicrostructureDescribes indicators that need knowledge of detailed market mechanics for effective use. Click to see all.
- Time-Consuming To Analyze
Elder Force Index- Less Popular
- Requires Additional Confirmation
Detrended Price Oscillator (DPO)- Complex Interpretation
- Limited Use In Strong Trends
Performance Metrics Comparison
Reliability Score 💯
A score indicating the overall reliability of the trading indicatorVolume ProfileElder Force IndexDetrended Price Oscillator (DPO)Ease of Use Score 💻
A score representing how user-friendly and intuitive the trading indicator isFor all*Versatility Score 🔀
A score indicating the adaptability of the trading indicator across different markets and timeframesVolume ProfileElder Force IndexDetrended Price Oscillator (DPO)Customization Score 🔧
A score representing the degree of customization available for the trading indicatorVolume Profile- 7.5The customization score for Volume Profile is 7.5 out of 10.
Elder Force Index- 7The customization score for Elder Force Index is 7 out of 10.
Detrended Price Oscillator (DPO)- 7.5The customization score for Detrended Price Oscillator (DPO) is 7.5 out of 10.
Score ⭐
The overall score of the trading indicator based on various performance metricsVolume ProfileElder Force IndexDetrended Price Oscillator (DPO)
Alternatives to Volume Profile
Percentage Price Oscillator (PPO)
Known for Relative Strength Measurement💻 is easier to use than Volume Profile
Klinger Oscillator
Known for Trend Reversals And Continuations🔧 is more customizable than Volume Profile
Ichimoku Cloud
Known for All-In-One Indicator🔀 is more versatile than Volume Profile
Kaufman's Adaptive Moving Average (KAMA)
Known for Self-Adjusting Moving Average💻 is easier to use than Volume Profile
🔧 is more customizable than Volume Profile
⭐ is rated higher overall than Volume Profile
Stochastic RSI
Known for Combining Strengths Of Two Popular Indicators💻 is easier to use than Volume Profile
🔧 is more customizable than Volume Profile
⭐ is rated higher overall than Volume Profile
Chaikin Oscillator
Known for Accumulation/Distribution Trends💻 is easier to use than Volume Profile
Hull Moving Average (HMA)
Known for Reducing Lag In Moving Averages💻 is easier to use than Volume Profile
⭐ is rated higher overall than Volume Profile