It allows us to identify the price trend in the market and design an entry and exit strategy with moderate risk.

As a good analyst, you can easily mark support and resistance levels and position yourself in n either buy or sell position.

Most of their indicators are based on price action, so the signals come late.

Yeas very true, most indicator lag behind and gives late signals. It’s much better to have a trading strategy with patterns and indicators to help identify reliable signals.