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Mike, don't give up on this thread, I think I get you're point with this.
Everyone here is pointing out the line that seems to work most days but no one looks to all the others that are not even close. If you have enough ramdom lines is probable that 1 will be right just like a broken clock is right 2 times a day.
If you say that this is the latest magic indicator and show that 1 perfect line, many would want that indicator and pay a lot for it.
Now that made me think, is that what we have been doing for so much time, looking at the times indicators are right and closing our eyes to the many more times they are wrong?
A few months ago I gave up indicators and I'm much better this way. Not saying that indicators have no use but if you rely on them for all your decisions, guess what happens.
Oh my goodness!! I just found this thread!! It completely explains (for me at least) a lot about how I looked at chart data. Early last year, I was still chasing the "perfect indicator", running from one to the next. Each new indicator seemed to work when I looked at a previous day's chart, but only sporadically fulfilled it's promise when I actually used it live. For a long time I thought it was simply "me"...that I was not trading the indicator right.
Slowly I came to understand that most of those indicators weren't all that 'magical' after all. This exercise with random lines explains how I fooled myself.