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There is no such thing "Laging indicators"
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There is no such thing "Laging indicators"

  #1 (permalink)
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There is no such thing "Laging indicators"

I read this forum a lot. Once in a wail someone states about indicators lags.
T H E R E is N O S U C H T H I N G.
All indicators are predictive/leading. If they are good predictors or not its another story.
The same goes to patterns and so on.

Baruch

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Baruchs,

I understand what you are saying, I think!

But I have to disrespectfully disagree with the statement except maybe from a psychological point of view!

From a mathematical point of view, many are (made up of past prices) to which we will attempt to predict the future.

With that said, we also use past prices to predict future areas, Fibs, Elliot Wave, Gann, Cycles and so forth.

JAM

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That is exactly what I'm saying. Every decision you make, in technical analysis, relay on past and predicts the future. Its not a psychological point of view, its TA.
So please no more talk about lag!

Baruch

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lol

So the term "get the lag out" really doesn't mean a whole lot does it.

Just a different way to look at the past with different mathematics to plot what might happen in the future

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baruchs View Post
So please no more talk about lag!

Baruch

lag - hang (back) or fall (behind) in movement, progress, development, etc.

Well Baruch I believe it is your choice - if you consider lagging as a nonimportant factor I leave it up to you.
Lag is a natural phenomenon for all indicators using past data and their averages.
Personally I don't think there is such a thing as no lagging indicator but there are some that are more and some that are less lagging.
And I am sorry to disappoint you but in most cases I would rather use less lagging (e.g. EMA vs SMA) and as much as I tolerate your vew it won't stop me from discussing the lag which I consider as an important factor.

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Jam,
I see that you insist that lag does exist. In your mind if I tell you that I have a method that says if the price is above SMA200 on a 60 minute chart and then the price goes down and touches the SMA enter long, you would says its great but if you make it SMA100 you cut your lag in two.
After a deeper thought you come back and say make it 50 or even better 25 or 12...
After more deeper thought you come with an excellent idea. You say now that we use SMA1 on 60 minute chart lets cut the lag more. Lets go to 30 minute chart, 15, 5, 2, 1. Even better lets trade with SMA1 on a 1 tick chart, then we have minimal lag.
What a great idea, I don't understand how I didn't think of it before.
Another point

Quoting 
From a mathematical point of view, many are (made up of past prices) to which we will attempt to predict the future.

This statement implies that there are some or at least one indicator which is not made of past prices, but from future prices. Please please I want to buy it. I'm willing to pay 100K now.
The only one I know of is a Cristal ball, but its not TA, so I'm not interested.

The right view on indicators is making a statement, like one I made with SMA200 and then testing it if it has a statistical edge. Thats all.
Thats why indicators and bar patterns are the same. You see a formation and after it a price move and you test it, if it has an edge.
Indicators are better than price patterns, because there are huge amount of them. With price patterns you are able to track only geometrical shapes or body parts (head&shoulders) unless you use computers for pattern recognition.

Baruch

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Some submit that volume is a true predictive indicator of price direction, but I have not seen any indicators in this category that consistently have an edge.

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baruchs View Post
Jam,


With price patterns you are able to track only geometrical shapes or body parts (head&shoulders) unless you use computers for pattern recognition.

Baruch

I disaggree with you about your this statement, as nothing is better than human brain, and it can recognise in better way with trade decisions. If some one be able to recognise patterens by its own and patteren within patterens, then he will be able to make better trade decisions. All Compuer recognise patterens create lot of confusions, Ist try o read all details about patterens and then try to find them in live markets by coordinaion of different charts. Once you build vision abot them , thats better than computers.

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Can you give me an example of a pattern that your brain can identify.

Baruch

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baruchs View Post
Can you give me an example of a pattern that your brain can identify.

Baruch

I do not want to argue on that matter, as that may useless. I just give you some cluses in 6A, It set a excellent example in last couple of days. It was going for Butterfly on 240 min chart, but at same time patteren with in patteren for Butterfly also in progress on 60 Min. chart, As long trend more dominent so 60 min chart just give small trade for long at its unfolding point and give a long trade more than 50 pips but failed as it is against long term trend, so 6A pushed up to Exact unfolding point of 240 min chart, and unfold for long, with more than 100 pips uptill now. I can post charts for that one , but I give you clues, you do some work at your own end, this will clear your concept.

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