Perhaps it was vendors selling their versions of the "Special" indicators that the huge pile of indicators came about. Regardless from monthly to one minute charts, there are chart patterns. Way too many traders think indicators are to give entry and exit like they are supposed to but indicators to me are like price bars, they are to indicate what is going on a delayed response. I see way too much double/plus of same types of indicators doing approx. same pictures, maybe it is the world we live in that people need double/triple confirmations of what in lack of knowledge of years of studying price they do not want to do. Too many blame HFT or it use to be Spreaders, or program selling, it will always be something people will blame instead of adapting to price action. I like both Price Action and couple indicators like BB and Sma, keep it simple and it is what price does around itself and letting indicators indicate. All these debates is the same of whether Water is H2O or H2O is water, of course Flint, Mi might then say it is not true statement.
LOL stir up the pot and have hundred pages eventually of PA and TA.