Are indicators actually working?

The traders are always on the lookout for the "Holy Grail" of indicators sets. Actually, as the markets are dynamic, the indicators that work keep changing. As many traders climb the experience ladder, they tend to rely less on the indicators and more on direct price action. However, it is not wrong to use some basic indicators along with the study of price action to arrive at trading decisions. Just don't clutter the chart with loads of indicators, under which the basic study of the chart itself gets lost.