Been trading for a few months now and my charts look like a mess with all these indicators overlapping each other.
I’m starting to think less might be more. What three indicators do you actually rely on when making trading decisions?
Start with moving averages for trend direction, RSI for overbought/oversold signals, and support/resistance levels for key price points.
These three won’t clutter your chart but give you everything you need - trend direction, reversal spots, and bounce zones.
Master these first. You can always add more later if needed.
MACD, 20 EMA, and horizontal support/resistance levels.
Took me 2 years to cut down from 8+ indicators to these three. MACD shows momentum shifts before they happen. The 20 EMA keeps you on the right side of short-term trends.
Support and resistance levels are where you make real money though. Price respects these zones way more than fancy indicators.
I backtest everything - this combo consistently gave me better entries than when I had RSI, Stoch, and Bollinger Bands cluttering my screen.
Keep it simple. Your brain can’t process much info during split-second decisions anyway.
Price action candles and volume. Skip the rest.
I focus on moving averages, RSI, and trend lines. They help me see the bigger picture.