Like any indicator, it has its place and can be of use. e.g: Looking at a daily chart for BTC, the HR indicator flipped 'Buy' on Aug 6, just as the spot price entered the lower 40K range. As an indicator for an extended Time Horizon, it's very good. The daily MACD (I.M.H.O) is a better indicator for a shorter T.H and using that, one would have had a very good buying signal on Jul 23 as the spot price was in the low 30K range and topped out on Aug 24 at just under 50K.