Advanced technical indicators and tools for the modern day trader
Technical Analysis uses historical prices to identify trends and support and resistance levels. Technical indicators are derived that use historical data to provide a current value. Most are therefore by definition lagging.
Some of the popular lagging indicators include moving averages and MACD. If you are a short term trader, these types of indicators will most likely be useless to you as their signals tend to be very late. By the time a moving average crossover occurs for example, a significant portion of the price move has already occurred.
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