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@xxxxxxxxx ps.com, Kethek Ogleng <budheng0402@ ...>
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
>
>
>
____________ _________ _________ _________ _________ _________ _________ ____
____________ __
> Looking for last minute shopping deals?
> Find them fast with Yahoo! Search.
http://tools. search.yahoo. com/newsearch/ category. php?category= shopping>
------------ --------- --------- ------
Please note that this group is for discussion between users only.
To get support from AmiBroker please send an e-mail directly to
SUPPORT {at} amibroker.com
For NEW RELEASE ANNOUNCEMENTS and other news always check DEVLOG:
http://www.amibroke r.com/devlog/For other support material please check also:
http://www.amibroke r.com/support. htmlYahoo! Groups Links
<*> To visit your group on the web, go to:
http://groups. yahoo.com/ group/amibroker/<*> Your email settings:
Individual Email |
Traditional
<*> To change settings online go to:
http://groups. yahoo.com/ group/amibroker/ join (Yahoo! ID required)
<*> To change settings via email:
mailto:amibroker- digest@xxxxxxxxx ps.com
mailto:amibroker- fullfeatured@ yahoogroups. com<*> To
unsubscribe from this group, send an email to:
amibroker-unsubscri be@xxxxxxxxxxxx com<*> Your use of Yahoo! Groups is subject to:
http://docs. yahoo.com/ info/terms/--
No virus found in this incoming message.
Checked by AVG Free Edition.
Version: 7.5.516 / Virus Database: 269.21.7/1319 - Release Date: 3/8/2008 10:14 AM