I honestly don't see it that way, no. At least not for high-frequency traders.
When someone trades on very small time frames (1h - 24h), then indicators play a much bigger role than, for example, the market sentiment or the publication of news (Apple buys BTC, China bans Bitcoin once again, ...). These usually cause a very high deflection in the chart, but is for small time windows practically hardly relevant and must almost be stamped as luck or bad luck if one of your trades meets such a news.