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Ron
I disagree. Volume is one of my bestest friends.
And bestest friends know each others ins and outs, strengths and
weaknesses, and act accordingly.
To solve the problem Judith raises we need to be able to identify how
bullish or bearish our friend is at any paricular time, and I've
learnt how to do that with my friend.
While he is a true friend it's just that sometimes I have to slap him
around a bit with TA to knock some sense into him. Friends need that
sometimes, like when they get drunk, or are having trouble with
women - more especially when both things are happening at the same
time.
Anyway, my friend gives me confidence when placing trades and gives
me the very bestest of all advice on position size.
I'd introduce you to my friend now but I'm preparing a proper
dissertation on how I slap him into shape.
It's like his formula and it's interpretation and I want to get it
right, and I'll post it when I've finished.
So DON'T be horrid to my friend any more or I'll come over and slap
you into shape.
So there
Gerard
--- In amibroker@xxxxxxxxxxxxxxx, "Ronald Davis" <xokie7@xxx> wrote:
>
> I agree, indicators based only on price are less deceitful. Ron D
>
> Pronunciation: (di-set'ful), [key]
> -adj.
> 1. given to deceiving: A deceitful >VOLUME cannot keep friends for
long.
> 2. VOLUME>intendes to deceive
>
>
> ----- Original Message -----
> From: ohneclue
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: Friday, March 14, 2008 2:49 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@xxx>
> To: amibroker@xxxxxxxxxxxxxxx
> Sent: 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 -----
> From: "Gerard Carey" <gcfinance@xxxxxxxxx fm>
> To: <amibroker@xxxxxxxxx ps.com>
> 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
> >
>
>
>
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