macd indictor lags, is there software that doesnt

Quote from ptolemy:

Ironfist. I have read about moving averages that eliminate lag but when you do so you trade lag for speculation and in my opinion you are no better for it.

Indicators like the VPCI (Volume Price Confirmation Indicator) Are a better tool. It is an oscillator and shows when Volume is confirming a price move or not. In a down trend if volume is low or shallow then the indicator will be negative and when the indicator is possitive then volume is confirming the trend.

How best to use this indicator?

If you have charting software then you can scan a large list of stocks for a negative reading on the VPCI. This will give you charts that the volume is not confirming the current price action. You can then use the next step in reasoning that if price is near a support or resistance level, a Fib level or pivot point that a price reversal is imminent.

Here is where you can learn more about this indicator

http://www.tradecision.com/support/tasc_tips/VPCI.htm

By the way how would anyone know if Swordsman is profitable or not? He sounds like he knows what he is talking about more than most here.

MACD is garbage.

Thank you for the enlightenment.

I have been looking for an oscillator like this but have continously missed it.
It solves a bunch of headaches for me and allows me to start looking at much shorter trade time frames. Thanks!
 
You are welcome Drjmpc. I must say that I too enjoyed your 1rst above post, it was dead on target and shows that you are on a solid path to becoming one of those proffessional traders. I mostly use indicators to sort and scan, not for enrty or exit. Once a good chart is found it is like finding a gold nugget or burried treasure. You need only apply good common sense mangement rules and patience.

I am new to this forum - almost three weeks, and it is good smart folks such as yourself and Swordsman that we need more of, and less sarcasm and ignorance. {Rawfist I do not know how your statements enriched this thread in any way? Are you a trader or a troll?}
 
Quote from ptolemy:

Rawfist I do not know how your statements enriched this thread in any way? Are you a trader or a troll?

Well I can hardly be held responsible for your lack of comprehension now can I

But if you really want me to enrich this thread then get all those indicators off your charts and put in 10 thousand hours.. there is no other way
 
I have more than 10,000 hours of hard research and study loged in thank you. 15 Years worth. Again I only use a small handfull of indicators to scan for opportunities and not for decision purposes.

Swordsman has made it clear that he uses no indicators and yet you attack him. I would like to think that we can all come here to share our knowledge and experience, maybe bounce new ideas off each other free from sarcastic spectators who offer nothing to the dialog, only to interupt it.

Hear is a stock that I just recently entered. Uncovered using one indicator, entered using common sense trade managment skills {no indicators}

http://i394.photobucket.com/albums/pp22/Ptolemy_2008/HLF.jpg

http://i394.photobucket.com/albums/pp22/Ptolemy_2008/HLFII.jpg
 
Quote from qwert:

when using the macd , its always lagging as you know . is there software or trading platform that shows the indicator in real time.

i like the 5min/15 min bar with the macd indicator, but the macd inductor is so lagging that you miss alot of the move. thanks.
==================
we-r+ t/nickname;
All moving averages lag;
except one type:cool:
 
Quote from murray t turtle:

==================
we-r+ t/nickname;
All moving averages lag;
except one type:cool:
#######################################

You are waiting for the question - aren't you?? lol:

which type of MA does not lag??

+ what do you mean by:
""we-r+ t/nickname;""

I don't get the point.

Thanks
 
Quote from drjmpc:


Bottomline is Half truths will get you killed - literally. If you study the bible enough [I mean even if you're not religious, it is still a good read], you'll notice that the Lucifer [the devil] generally uses half truths and twisting of facts or statements to draw people in. Baiting many might call it.

drjmpc,

Good post but let's give the Bible the same courtesy of capitalization that you gave Lucifer....
 
Quote from TraderZones:

I have studied TA thoroughly. Most serious traders did at some point.

Most serious institutional studies have found TA useless

You as well as others are 'believers" in TA. You pump it, promote it, and yet you never did a serious major longterm study of your own on the majors indicators,.

Once you do and realize that, you stop using it.

90% of the people here DID use TA. What do you think most traders base on, if not TA ??????

How the F do you know what long-term studies I have done and have not?? Please get off the high horse.

The OP wanted to know about MACD's and I was one of the only ones who gave him an answer.

I've seen too many of your posts and I'm not convinced you know what you are talking about.
 
Quote from BullAlert:

How the F do you know what long-term studies I have done and have not?? Please get off the high horse.

Because you would only reach the same conclusion, that TA indicators have little value. That is what serious longterm studies of TA by major academic/financial institutions conclude

The fact that you still continue to dabble with them is evidence enough you never did a serious long study.

If you wish to dispute this, then try replying with your studies, by all means.
 
Quote from TraderZones:

Quote from BullAlert:

How the F do you know what long-term studies I have done and have not?? Please get off the high horse.

Because you would only reach the same conclusion, that TA indicators have little value. That is what serious longterm studies of TA by major academic/financial institutions conclude

The fact that you still continue to dabble with them is evidence enough you never did a serious long study.

If you wish to dispute this, then try replying with your studies, by all means.

You first, smartass, since you know the studies I have not done as well as those you have done.

Other than saying TA is not useful you have demonstrated absolutely no expertise in "price action" or any justification that you personally have developed long-term studies that support your argument. You do mention academia and I suspect this is where your interests lie: with studying published papers. I personally have give academia very little credibility because so many lack any real-world experience. Academics are driven by prestige derived from becoming an "expert" and comfort that comes from never having to put real-world money on the line to validate results. It is much safer to write about it.

I put my own money on the line not just as a trader but as an investor. I will say that TA becomes more useful with larger time horizons. This is not to say that MACD and other indicators have not helped me on intraday trades.

So, again I ask you to support your argument.
 
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