I developed my own using geometric mean which is far superior in accuracy than algebraic mean... geometric algebra is another way but it is far more difficult than the general western indicators like RSI MACD and all MA variations.. . All indicators are hind sight indicators which means like fractal you can only say a top and bottom exists after the fact so the way to have any predictive ability is to get 2 standard deviations of the move before knowing the exact full extent of the move... because of this problem large funds use seasonal cycles as predictive buying and selling that means they use time instead of price... so it might be better to use time and completely ignore price... my indicators almost ignore price and use time angle because if you notice degree of angle has a lot to due with the markets and of course distinguishing from trend and whipsaw consolidation. .. in closing the majority of markets go sideways unless the market is in
a bubble. Hope this helps.
--- In equismetastock@ yahoogroups. com, "Patrick Butler" <pat494@xxx> wrote:
>
> Hi all,
>
> I have been using many indicators over the years e.g. rsi, Macd, moving averages etc.
> Mostly all of them are lagging ( for obvious reasons ) etc. But one does need an indicator or perhaps better a pair of indicators. Where one covers the other's deficiences.
>
> Which 2 or more would you recommend to concentrate on ?
>
> thx
>
> Pat
>