Trend Indicators. Are they worth using?

Beginner Questions
1

I have added a Trix trend indicator to my chart to help me align all time frames for an overall trend. Now to the newbie like myself this seems great. Place a trade when all time frames point in one direction right?

Well as trends are always based on MA’s which lag, am I right in thinking its already too late when all time frames align? by the timethe trend has formed smart money will make sure it heads the other way when I put my money in.

The indicator is in the picture below at the bottom. Now I would not just trade when all time frames align. But I would search for confluence, no supply/demand using the VSA method and place trades on the 5min only when all time frames align.

Bare in mind the indicator will likely be good for the higher time frames but as I will be trading n the 5 min chart , here is where I believe the trend indicator lag will screw me over.

So that’s what I would like advice on. Will it already be too late when the time frames align? Should I scrap this indicator and draw trend lines for trend direction.

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Thank you

2

Sometimes it is; sometimes it isn’t. If you’re looking toward the early part of something that’s going to turn into a long, steady trend, then on those occasions you can wait for a trend within your own timeframe and several higher ones to be clearly indicated, and still get a worthwhile trade out of it. That’s not all that common, though, unfortunately.

The principle (that entering a trade which is also in accordance with trends on higher timesframes than the one from which you’re trading will slightly increase the probability of a successful trade) is a good and valid one.

This is a personal choice and preference. (I don’t use such an indicator, myself, to identify these.)