my tradingview chart has 9 indicators and i think its hurting me
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somewhere along the way my main chart accumulated nine indicators. rsi, macd, three moving averages, bollinger, a volume thing, vwap and some oscillator i dont even remember adding. half the time they contradict each other and i freeze.
trying to decide what to actually keep. how do you experienced folks decide which indicators earn their place versus which are just comfort blankets?
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rule i use: each indicator must answer a question the others dont. three moving averages all answer 'trend direction', so eight of those nine are probably overlapping. pick one trend tool, one momentum tool, one volatility tool if you actually use it, and delete the rest. if you cant state the specific decision an indicator changes, its decoration.
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contradicting indicators causing freeze is the real tell. that means youre using them to confirm each other, which is backwards. they should each cover a different dimension, not vote on the same thing. when they overlap they just manufacture analysis paralysis.
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i went from a chart like yours to bare price plus a single moving average for context. win rate didnt change much but my decision speed and confidence shot up, and i stopped second-guessing entries because there was nothing left to second-guess with. less really was more for me.
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nine indicators is just nine different ways to rationalise a trade you already emotionally decided to take. deleting them wont fix that, itll just make the bias quieter and harder to notice.
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if i strip down to almost nothing how do i actually find entries, just support and resistance levels and the moving average?
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pretty much. structure (where price has reacted before), a trend reference, and a clear invalidation point. that is a complete tradeable framework. add one momentum tool only if you can show it improves your specific entries in testing. most people never prove that, they just assume it helps.
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stripped my chart to price plus one MA after reading this and the relief is real
didnt realise how much the clutter was stressing me out every session.
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