In the current market. Simple and intuitive indicators are usually the most effective. When indicators are too complex and cumbersome, they may send conflicting signals, some showing longs and some showing shorts.

This makes people who analyze indicators likely to choose data points that support their existing biases, thus firmly moving along a path that may be right or wrong, and believing in it.

This over-reliance on so-called "objective" indicators is actually a dangerous arrogance. Overconfidence in one's own judgment may lead to ignoring the actual market movements and other important signals, ultimately leading to serious investment mistakes.