Technical Indicators

This is a discussion on Technical Indicators within the Technical Analysis forums, part of the Trading Methods category; Hi Out of all the Technical Indicators which ones are predictive or the most predictive. Any Help and advice Thanks...

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Old Nov 12, 2003, 3:58pm   #1
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Default Technical Indicators

Hi

Out of all the Technical Indicators which ones are predictive or
the most predictive.

Any Help and advice


Thanks
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Old Nov 12, 2003, 4:19pm   #2
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Default Re: Technical Indicators

In general terms, I think you should consider that none of them are predictive, and most of then lag the action.

The directional indicator I suggest has a reasonable record.

useful as entry mechanisms perhaps but after that ..........

(that's just one view)
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Old Nov 12, 2003, 4:20pm   #3
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Default Re: Technical Indicators

A tricky (trick?) question but here's something for the pot.

Stochastic oscillator is more predictive than MA/price or MA/MA cross-overs, by usually giving earlier signal, but gives fewer signals per year. Stochastic signals during a strong trend peter out or become meaningless. MA-based signals in a range are late and unrelaible.
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Old Nov 12, 2003, 5:33pm   #4
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Default Re: Technical Indicators

The best indicator is the indicator that the other indicators get their indications from.

From the other boards I visit, it would appear from other traders' comments that this particular indicator is becoming rather prevalant lately.

Perhaps this is an indication of things to come??
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