how important or not a "lagging indicator" is can depend on the circumstances.
for example look at a two year chart of Daily GC with 150 day moving average. note how every time the price approaches the MA it bounces away like anything....that's a useful lagging indicator....
also try a 60,3,3 stochastic on Daily GC - note how when it triggers up and crosses through 20 it confirms a significant uptrend
beeb
for example look at a two year chart of Daily GC with 150 day moving average. note how every time the price approaches the MA it bounces away like anything....that's a useful lagging indicator....
also try a 60,3,3 stochastic on Daily GC - note how when it triggers up and crosses through 20 it confirms a significant uptrend
beeb