Most chart indicators or overlays use the price as an input.
That makes them a lagging indicator which might be better for confirming trades after you already have them on, not for generating orders.
And if you’re not in the trade already by the time the indicator confirms, it’s too late.
You can’t chase.
I referred to most of the indicators out there as emotional band-aids in my book.
You can see things more clearly if you de-clutter your charts, let go, and surrender.
When you do that, an amazing thing happens.
You learn to stop trying to trade an “accuracy” model and you become comfortable with a model of “expected values.”
There is nothing better to answer the question “Is this the right place to get long?” than the price itself.
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