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What lags and what does not?
- Thread starter fearless9
- Start date
Quote from silvermotion:
The formula to determine indicator lag is the following
L = (N/2) -1
where L is the LAG (in bars), N the number of periods you are basing your indicator on
Therefore a 10sma lags by (10/2) -1 = 4 bars
a 34ema will lag prices by (34/2) -1 = 16 bars.
that means your 10sma will turn around 4 bars after prices went above it if they initially were below
34ema is 16 bars.
this formula is valid for all indicators.
those who pretend that their squiggly colored line isn't lagging are in denial
the only indicators that arent laggin are the ones calculated on 2 bars.
2/2 -1 =0
That's nice but how do you adjust for the embedded variable nature of the charts this formula is applied to?
Quote from 1a2b3cppp:
people will say all indicators lag because they are based on historical data.
that's technically incorrect, however, as a 10 period MA is not lagging unless you offset it. A 10 period MA is showing you in real time exactly what a 10 period MA is at that very point in time. Live data. Not lagging.
Obviously that applies to any indicator.
I'm new to posting here but I've spent years lurking before I registered, so let me anticipate all the answers that will follow.
Leading
Some people will say L2, DOM, or whatever other "looking at pending orders" tool you want is leading because it shows stuff that hasn't happened, but might happen. Of course 99% of the time these tools move too quickly to be of any use to humans.
Present
Some people will say all indicators lag and don't use them. Only use price action, which does not lag. But they will not offer up a definition of what "price action" means, only that "you should learn it." So, get to studying.
Past
Some people will say all indicators lag so they're all worthless because they're based on past data. Then other people will jump in and say "I'm profitable and I use indicators!!!! But my method is secret I cannot share it with you so you just have to take my word for it!!!"
I think that pretty much covers it. I've summarized with will be a 10+ page disucssion in 3 paragraphs.
Actually, your posts are pretty lame and sophomoric.
You trapped yourself more or less permanently.
If you could have displayed what was going on in a market, you would see many many things that flow into the Present from the future. You couldn't and never have.
And certainly they are sufficient for expert trading.
As an expert and experienced trader among others here in ET, It is not difficult to explain to you why you are where you are and why your posts are so limited.
And, especially, why you cannot understand what expert traders have that you do not have.
Your mind is undeveloped. And, further, it is now closed to any growth in the required several ways.
As you note my posts "lead" and other posts "lag". you do note what a destroyed mind looks like in terms of "lagging" posts that are repeated ad nauseum.
This guy is obsessive compulsive based on several handicaps he gave himself because of decisions he made in the past that have serious consequences. He is totally permanently screwed.
He is in a different boat than you but your boat is just as difficult to handle as is his.
By differentiating your mind in a manner that is untennable for acquiring knowledge and skills by continuing experience, you have closed the door permantently on going beyond mediocre or lame and sophomoric commentary.
The choices a person makes as the years pass literally deny that person access to knowledge and skills because the person's mind is engendered incapable of replacing the type of differentiating it has acquired.
It doesn't matter how smart or dumb you are or how well you test on whatever standard is there. What matters were the series of choices you made. Each choice defines a step along a intellectual and emotional path.
You have closed so many doors, all unknowingly and all now locking you out from retracing your steps.
For example there is no way you can "get" what Proflogic posted to you.
Reread your post I am responding to. Just look at each step in time you took the wrong path to build each little sophomoric piece of that tripe you posted.
You got just what you deserve.
Quote from 1a2b3cppp:
Leading
Some people will say L2, DOM, or whatever other "looking at pending orders" tool you want is leading because it shows stuff that hasn't happened, but might happen. Of course 99% of the time these tools move too quickly to be of any use to humans.
[/B]
Too quickly? no way. The algos might swipe stock quicker but you can see the quote changes that will trigger the algo to join... and you can feel when the level is going to get taken out... before the people and computers all jump on the bandwagon... when I expect to get stock at a price I get it 95% of the time or so (I experience unexpected slippage on my exits slightly under 5% of the time, based on the last 40 days of trading runs... Ididn't run that statistic before that)... so that to me means only 5% of the time is LII/DOM too slow.