On the utility of lagging indicators for intraday forex

Been seeing a lot of folks in here, especially newer traders, relying heavily on various lagging indicators for their intraday forex setups. I get the appeal; they offer a seemingly clear-cut signal and can simplify a cluttered chart. But frankly, for anything less than a daily timeframe, I'm finding their real-world utility highly questionable.

Take something like the MACD or Stochastics on a 15-minute chart. By the time they've confirmed a crossover or entered an 'overbought/oversold' zone, the move you're trying to capture is often already well underway, if not mostly exhausted. You're left chasing momentum, frequently into an unfavorable risk-reward scenario. We saw a bit of this yesterday with $USDSEK around the 9.5093 mark, where early indicator signals might have looked appealing but the subsequent consolidation provided very little follow-through for a quick scalp.

I just don't see how they provide a sustainable edge when you're looking for quick entries and exits, especially compared to a more nuanced understanding of price action, support/resistance, and candlestick patterns. It feels like we're often trading the indicator itself rather than the market. Perhaps for swing trades or even daily charts, there's a different story, but for intraday, I'm increasingly skeptical. Change my mind.