ymonly said:the lagging comment is true....what if it is lagging by 3 seconds instead of 3 minutes?...all indicators don't lag all the time ..depends on when we speak...there are ma indicators that are right on time....as the pullback of price occurs, the lagging indicator line unlags as price pulls back to indicator location point ...right with it and on time....no lag...to say indicators always lag is not correct..........is that true?
Bugger.
I was quite happy as a lurker.
I half thought I might get dragged into something, whilst typing my last post.
"to say indicators always lag is not correct..........is that true?"
That's for you to decide, its your trading.
But you might want to think what an ma is, it's not an ma of the rotation of the earth, or tied into speed of the wind that is blowing past my window right now.
Nope, its a moving average of price, if price moves it moves, not the other way round.
The tail doesn't wag the dog.
Thats my 2 cents worth, I'm off, back to lurking.
Just a thought, I could sell a simple ma cross over strategy, pad it out a little, make it a whole day course, in a hotel, charge a four figure sum for it................................
Dang, someone has already done that.