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I did not mean to suggest that pivots were leading but
rather those that use volume/price analysis (present vs. past) can pick up S/R
levels. When things come together in the present relative to this analysis
they move, as opposed to those who use more standard S/R levels (e.g.,
pivots, Fib, etc.) from what I have seen tend to get fooled more
often. In this sense, volume/price analysis as they practice it is a
leading indicator in that they are looking for a certain configuration but it is
certainly not for timing purposes (when it happens it happens). I have
watched this done with amazement but have not picked up all of the details that
would permit me to use this method.
Bill
----- Original Message -----
Sent: Friday, March 14, 2008 4:19
PM
Subject: Re: [amibroker] Re: Leading
indicators
Bill,
I've
never seen pivot points classified as a leading indicator so I didn't consider
them in this vein.
I
just disagree that volume/price coming together is a good leading indicator
for price appreciation per my previous comments. Just my opinion.
I
agree it can be the "hear and now" as long as one recognizes a sell-off or
down turn when they see one as the volume increases in the ratio while the
price is decreasing in the ratio.
It's
like A/D -- it can be a great hear and now providing you can get your head
wrapped around the fact that an upward trend of the line does NOT mean
automatically that price is increasing. This is why A/D is hard for a
lot of people to read successfully -- they are so accustomed to an upward
turning line meaning price going up.
Judith
-----
Original Message ---- From: wavemechanic
<timesarrow@xxxxxxxxxxxxx> To: amibroker@xxxxxxxxxxxxxxx Sent:
Friday, March 14, 2008 2:56:35 PM Subject: Re: [amibroker] Re: Leading
indicators
The volume traders that I know do not use volume
increase/decrease in the "here and now" but rather relative to past
volume/price values. I have watch them and find that their S/R generated
in that manner is better than usual pivot, etc. techniques. However,
when volume/price come together at those points they do act in the "here and
now."
Bill
----- Original Message -----
Sent: Friday, March 14, 2008 3:49
PM
Subject: Re: [amibroker] Re: Leading
indicators
While
on the subject of leading, don't EVER forget that increased volume many,
many times means a lot more SELLING than BUYING -- that's why I prefer a
leading indicator such as a Multiple Line Stochastic that works of price
changes only -- volume can come back and bite you if you go only for an
increase being a "good" thing.
Judith
-----
Original Message ---- From: wavemechanic <timesarrow@xxxxxxxx h.net> To: amibroker@xxxxxxxxx
ps.comSent: Friday, March 14,
2008 2:40:54 PM Subject: Re: [amibroker] Re: Leading indicators
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
>
>
>
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