I have deleted all my hundreds of indicators 2 decades ago. Now my charts are very plain and simple. I do day trading. I just focus on what happened past few minutes to the past few hours. Then decide whether to pull the trigger or not. MA trading book publisher must be very happy. Because people keep on buying their books.
Laege institutions clearly acknowledge the presence of the 200 day ma. Im not a big fan of most indicators either but you are just flat out wrong on this one.
I think some of you like to argue for the sake of arguing. I know its difficult but lets try to stay on topic.