“Please give me tips on leading indicators.”
Recently I received an inquiry from one of the traders that I have been assisting. He was asking tips for leading indicator. Before I can answer the question, let’s take a look at the difference between Leading Indicator and Lagging Indicator.
Even though the leading indicator sounds like a fortune teller that it gives you signal even before a new trend started. Though leading indicator is not something to use by itself. Traders should combine leading indicators with other tools to enhance the accurate of the strategy overall.
“So my suggestion for when using leading indicator is combining leading indicator and lagging indicator is one of the solution that you might want to give it a try. Because lagging indicator as also known as trend follower, which it gives a signal AFTER trend has occurred. When using leading indicator and lagging indicator together, traders are able to standby by using leading indicator to foresee market movement and take action by using lagging indicator when trend is confirmed. For more detail instruction, take a look at this video here: https://youtu.be/KY8GnJJJitY” As usual, feel free to come and talk with me if you have any question!