The 12ema is a slave to price. It can only do what price tells it to do.
Does price do the same thing every day?
Does price make the same patterns on EVERY level/timeframe? (being fractal in nature)
We can use this if we so choose to increase our odds of the future movements.
We can use this to give us hints as to when price is slowing down or speeding up.
Is it a requirement?
Not at all.
Sam's latest webinar from Oct 8th on the first 4 "odd" enhancers is pretty good.
http://www.fxstreet.com/webinars/sessio ... 2852115b3d
Can indicators be helpful when scanning through multiple chart pairs/time frames to make things quicker to see what wave or stage the market is currently in?
ONLY to those who have spent enough time to familiarize themselves with what they are looking at.
Here is a trade I took today, without the MA and BBand I would have wanted to wait until price retraced to the Green line above OR I would have had to chase it on a breakout after it confirmed.
Any indicator that has been invented can be used to trade successfully if you spend enough time with it.
A blank price chart can too.
To Each His Own.