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@xxxxxxxxxxxxxxx,
"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
>