On indicators, specifically their lagging nature
Been thinking a lot lately about how much weight some traders put on indicators, especially the classic ones like MACD or RSI. While I get their utility for confirmation or identifying divergences, it always strikes me how fundamentally lagging they are. Price action, to me, is the ultimate arbiter, the purest form of information we have. When I see something like $IDR drop to 28.76 today, down 6.62%, the story is already mostly told by the candles and volume, not some oscillator confirming what's already happened. It feels like chasing the tail rather than watching the dog. Am I being too dismissive of the value indicators provide in a robust trading system? Push back on this, I'm keen to hear different perspectives.