I have very strong feelings about trading indicators. They should never be used as precise, absolute, black-and-white trading signals. Indicators are best used as clues or hints to future price action. Thus, interpreting indicators is much more an art than a science. Too often, though, traders become prisoners of their favorite indicators and lose the ability to think for themselves. What counts in trading is what the market is saying, not the indicators.
– Gary Smith, How I Trade for a Living
