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Exactly.
----- Original Message -----
Sent: Friday, March 14, 2008 11:06
PM
Subject: Re: [amibroker] Re: Leading
indicators
Bill,
I can also attest to the value of a coincidence of P and V movement
marking important pivot points (not those daily R1,S1,PP thingies, but the
real price pivot points that are marked by zigzag functions after the fact).
I use them all the time. They can not be used alone, but when
combined with S/R and trend lines, they are great at-the-second confirmations
for pulling the trigger right at the peak or valley. Only problem is it
can not be backtested except with a tick database and incredibly fast software
and algorithms. You just can't beat the human eye yet for fast pattern
recognition.
Dennis
On Mar 14, 2008, at 5:17 PM, wavemechanic wrote:
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 or 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@xxxxxxxxxxxxxxxSent:
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 a 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 tur 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>
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