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Nothing new to see here !!
After reading the article by John Ehlers & his new indicator designed to reduce lag - well frankly, I was doing cartwheels. My excitement got the better of me, enthusiastically I couldn't wait to make a post on the indicator (a topic I find interesting).

Sad news
John Ehlers new averaging indicator (the RELEX indicator) is a rehash of an idea he has written about many, many moons ago (minor parameter changes at best). I believe magazines work on the principle of readers having a bad memory. (they must be working on the theory of: "what's old is new again")

Also the indicator is lacking
John Ehlers new (the RELEX indicator) is slow to catch the signals, causing the greatest concern of lower performance, but the REFLEX indicator displays consistency (meaning: it consistently grabs the signals "late")

I'll post up some charts of late signals
As they say a "picture paints a thousand words" - for comparison the charts are displayed together.

ASX: AVJ

[ATTACH=full]99723[/ATTACH]

ASX:SRG

[ATTACH=full]99724[/ATTACH]

The REFLEX Strategy - Backtest Results (exactly 1 year)

[ATTACH=full]99727[/ATTACH]

The PANDA Strategy - Backtest Results for the same period (exactly 1 year)

[ATTACH=full]99728[/ATTACH]

Summary
I'm disappointed..

Skate.

<blockquote data-quote="Skate" data-source="post: 1052784" data-attributes="member: 57364">Nothing new to see here !!After reading the article by John Ehlers &amp; his new indicator designed to reduce lag - well frankly, I was doing cartwheels. My excitement got the better of me,&nbsp; enthusiastically I couldn&#039;t wait to make a post on the indicator (a topic I find interesting).Sad newsJohn Ehlers new averaging indicator (the RELEX indicator) is a rehash of an idea he has written about many, many moons ago (minor parameter changes at best). I believe magazines work on the principle of readers having a bad memory. (they must be working on the theory of: &quot;what&#039;s old is new again&quot;) Also the indicator is lackingJohn Ehlers new (the RELEX indicator) is slow to catch the signals, causing the greatest concern of lower performance, but the REFLEX indicator displays consistency (meaning: it consistently grabs the signals &quot;late&quot;)I&#039;ll post up some charts of late signalsAs they say a &quot;picture paints a thousand words&quot; - for comparison the charts are displayed together.ASX: AVJ [ATTACH=full]99723[/ATTACH] ASX:SRG[ATTACH=full]99724[/ATTACH] The REFLEX Strategy - Backtest Results (exactly 1 year)[ATTACH=full]99727[/ATTACH] The PANDA Strategy - Backtest Results for the same period (exactly 1 year)[ATTACH=full]99728[/ATTACH] SummaryI&#039;m disappointed.. Skate.</blockquote>

[QUOTE="Skate, post: 1052784, member: 57364"] [B]Nothing new to see here !![/B] After reading the article by John Ehlers & his new indicator designed to reduce lag - well frankly, I was doing cartwheels. My excitement got the better of me, enthusiastically I couldn't wait to make a post on the indicator (a topic I find interesting). [B]Sad news[/B] John Ehlers new averaging indicator (the RELEX indicator) is a rehash of an idea he has written about many, many moons ago (minor parameter changes at best). I believe magazines work on the principle of readers having a bad memory. (they must be working on the theory of: "what's old is new again") [B]Also the indicator is lacking[/B] John Ehlers new (the RELEX indicator) is slow to catch the signals, causing the greatest concern of lower performance, but the REFLEX indicator displays consistency (meaning: it consistently grabs the signals "late") [B]I'll post up some charts of late signals[/B] As they say a "picture paints a thousand words" - for comparison the charts are displayed together. [B]ASX: AVJ [/B] [ATTACH=full]99723[/ATTACH] [B]ASX:SRG[/B] [ATTACH=full]99724[/ATTACH] [B]The REFLEX Strategy - Backtest Results (exactly 1 year)[/B] [ATTACH=full]99727[/ATTACH] [B]The PANDA Strategy - Backtest Results for the same period (exactly 1 year)[/B] [ATTACH=full]99728[/ATTACH] [B]Summary[/B] I'm disappointed.. Skate. [/QUOTE]

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