You are pointing a lot of truth. Let's not forget that most indies have variables and many just use the default value... value that often changes depending on the charting broker or charting sofware ... and there are tons of indies to chose from as well, one wonders how comes. Now I am starting to understand why some people are convinced TA is used as part of a worldwide scam.lol.
You're "way out there" and wrong about anything scammy in TA. Let me say again... PROPER UNDERSTANDING AND USE OF TA IS LIKE FINDING MONEY IN THE STREET!
That's absolutely wrong. While TA can help a skilled trader gain contexutual understanding, its far from the cure all you claim. If you are correct, why CAN"t TA be programed into a money making machine? It's really not a difficult topic. surf
I'm not sure what volume says when it comes to individual issues. However, I've come to believe that volume considerations for the market in general have ZERO value. (Years ago I had custom volume oscillators which correlated well with market behavior... but then mysteriously went wacko. Since, traditional heresy or not, I totally disregard volume!)
I am just pointing out why some people can believe TA is part of a scam. I have not said I do not use part of it. , as I daytrade.
people always point out that TA books are so many, TA teachers are so many, TA websites are so many... so when results do not come, what do you think people will infere ? that TA was created as part of a scam. Now, for myself, I value TA as a very useful tool. But then others have different opinion. Now, I am a super-active trader so I like scalping, but do not mind holding positions as well.