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Originally Posted by acronym
" Over hyped" . Is that like overbought, oversold? At least they are free, mostly.
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Not really. Overhyped as being placed upon a pedestal it doesn't deserve. A false God if trading. And idol which is but a wood.
About money and indicators--->
First of all charting softwares may charge A LOT for extra indicators
2nd) All the books and courses teaching you about all these new complex indicators that are a must unless you want to lose.
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And doesnt backtesting, um, lag the price, somewhat? If ever there were a lagging "indicator", used to back up a trading method, that would be the ultimate, surely? Indicators are ok, its the computers fault.
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Since computers do not think it is never their fault... There is no stupid computer only stupid end user (and or programmer).