Most technical analysis indicators are lagging indicators (will indicate a buy after the opportunity to buy has happened), there are also co-incident indicators that suggest a buy opportunity is occurring, but it is alleged that there are leading indicators that suggest a buy opportunity will occur.
Examples of Lagging Indicators.
- Moving averages - weighted or simple
- Bollinger bands
- Relative Strength (thx to @Jasper)
Example of possible Co-Incident Indicators
- Relative Strength Indicator (RSI). Alleged to be leading, but I suspect is actually co-incident
Example of possible Leading Indicators
- On-balance volume indicator (OBV).
Does anyone have any experience in utilising these or other co-incident or leading indicators and have done some testing on them?