95051Candlesticks, pubs, lineup, renko, range pubs, tick bars....all ARE indiors and derivatives of raw prices/ticks! They all serve the same purpose- to sort and arrange the raw data and to convert into a format that is readable. There's not any such thing as pure price acton trader. Everybody is using some form of indior. Unless you are looking at raw strings of numbers such as Neo in the Matrix. . You need some reference points to understand where the price is about. It might be only a single horizontal line, or even particular price level(such as 00 round number) that you bear in mind. But we need some kind of reference point. Personally, I don't use standard charts but, I use a custom made instrument (lively fibonacci grid) that gives me multiple reference points across multiple time frames and extracts out of the charts just what I believe usable info and all unusable data is ignored.
When you look at a chart, (for analisis) what exactly are you searching for? You're looking just for kind of advice. Does it really matter how the chart appears, the shape, the colours....NO it doest matter! Its all noise. A LOT of noise. And in that noise there is information that you must extract. That's what all indiors do (automaticaly). Indiors extract just type of information and ignore everything else. As an example, what candle or a pub does? It extracts ONLY the large, low, open and shut for particular time frame, and according to that it generates vertical line in your chart. The other info inside the pub is ignored.