All indicators have a degree of relevence. All an indicator is is a graphical representation of market movement. Each one is smooth or calculated by a mathmatical factor to represent current market conditions and lend aid in determining future market conditions. Period.
If you find that and RSI, Stochastic, CCI oscillators don't work for you, then obviously your brain processes the results differently than others who have had great success with such indicators. From what I understand, most of the gentlemen who designed these indicators did so to show a certain market condition....if that's the case, maybe the understanding of the indicator on the end users side is wrong and not the indicator itself - it's just doing it's job.
If you find that and RSI, Stochastic, CCI oscillators don't work for you, then obviously your brain processes the results differently than others who have had great success with such indicators. From what I understand, most of the gentlemen who designed these indicators did so to show a certain market condition....if that's the case, maybe the understanding of the indicator on the end users side is wrong and not the indicator itself - it's just doing it's job.
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