I have been a long time fan of price action and my setups do use only S/R at the moment, with a healthy dose of swing analysis for identifying wether i have an edge or not, throughout my various setups. However, if used in the right combo, indicators have a certain value. If you limit yourself to identifying a market environment and not take a trading signal off an indicator, but off price action, i came to the conclusion that good results are achievable. I want to bring you an example. Let's say you apply a 20 SMA and a 5.3.3 Stochastics with the 50line as a threshold. Now, when 20SMA is let's say pointing UP and the 5.3.3 Sto is under 50, YOU HAVE AN UPTRENDING, UNDERVALUED MARKET. However, this is the indicator's value ends. It's consistent in the sense that it will objectively identify this market condition. What you look for in this type of market environment is totally up to you and you can use price action here to trigger a trade or not. For instance, two consecutive positive closes after a negative one (so a minus/plus/plus candle situation) might trigger a trade ... What this means is that in this undervalued uptrending market, people got enthusiastic and managed to maintain this state during 2 periods. Just my 2 cents here... Thoughts would be appreciated.