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Good point about momo indicators and divergence but it
goes a bit farther. The velocity of the momo gives a good heads up
regarding price movement and acceleration of major reversals. Not perfect
by any means but very useful in one's bag of tricks.
Bill
----- Original Message -----
Sent: Friday, March 14, 2008 10:02
AM
Subject: [amibroker] Re: Leading
indicators
Some
"Lagging" indicators "Sometimes" display "Leading"
characteristics.
Any half decent momentum indicator may display
divergence on a
double top/bottom for example.
If I receive an entry
signal at such a time my trading plan forces me
to increase my initial
position size and any subsequent
pyramiding - obviously a result of my
belief that the indicator is
leading price at this time.
I also
utilise an advance/deline indicator to fine tune entries.
Say I'm looking at
a long position on a pullback trade.
I'm waiting for signs that the is about
market to turn back up.
I may have two red candles, but my AD line may well
turn
back up on the last or sometimes both days.
You'd better believe I'm
loading up for big game (position size wize)
if, on the following day, price
turns back up also.
IMO the AD line is leading price.
So "Leading"
indicators?
Well no ....but sometimes yes.
Regds and good
trading
Gerard
--- In amibroker@xxxxxxxxxxxxxxx,
Kethek Ogleng <budheng0402@xxx>
wrote:
>
> Dear Thomasz
and Brian,
>
> I have explored indicators that I am aware of, but I
have not found
single leading indicator. Eventhough I hv changed the
parameters, ,
the indicators were all lagged. The fastest indicator that I
am aware
of is Heikin-Ashi, but still it is not leading indicator. In the
best
of your knowledge and experience, what are leading indicators
available for AB users (or at least faster that Heikin-Ashi)?
Logically
(for non-IT guy like me), the leading indicator must
contain price linear
regression and volume components.
> I am aware that if someone had it, he
or she must be a
multibillioner and wouldnt share with us. Ha ha ha
>
> Regards,
> Kethek
>
>
>
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