Indicators all have some level of usfulness.
If the price data is a random signal, will indicators really have much predictive value? And if signals are random say 70% of the time, how do you efficiently sort out when it is non-random to truly be able to take advantage of the predictive behavior? ADX is preety good; but it is also too lagging.
Random thoughts...
--- In equismetastock@yahoogroups.com, "Alexander Mondragon" <amondra2@xx.> wrote:
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> Hello Pat,
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> Actually whole oscillators give us different signals depending the period of time as parameter you choose, in other cases ones give us clear signals to buy or sell while others doesn’t, when I use oscillators, I prefer Williams %R and Stochastic Slow with 14 periods of time by default.
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> Bye,
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> Alex.
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> From: equismetastock@yahoogroups.com [mailto:equismetastock@yahoogroups.com] On Behalf Of chan w.o.
> Sent: martes, 19 de enero de 2010 03:14 a.m.
> To: equismetastock@yahoogroups.com
> Subject: Re: [EquisMetaStock Group] best indicator
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> I use stochastics,rsi & DMI w. ADX,have u tried supertrend,it is good.
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> --- On Mon, 18/1/10, Patrick Butler <pat494@xxx> wrote:
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> From: Patrick Butler <pat494@xxx>
> Subject: [EquisMetaStock Group] best indicator
> To: equismetastock@yahoogroups.com
> Date: Monday, 18 January, 2010, 5:12 PM
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> Hi all,
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> I have been using many indicators over the years e.g. rsi, Macd, moving averages etc.
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> 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.
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> Which 2 or more would you recommend to concentrate on ?
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> thx
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> Pat
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