Shankapotamus' Playpen

[Chart Addict]

The combination of the 20, 50, and 200 day simple moving averages are watched by millions of traders. You may refine these by using exponential averages, which are considered technologically superior in some circles, but you lose sight of what the majority of traders are watching.

Fibs are fun on large indexes, and "Fib friendly" stocks, but I find Pivot points to be more useful overall.

While we are cautioned to avoid redundant indicators (those that derive the same information in different ways) I often find the combination of OBV, Acc/Dis, and ChiOsc to be very informative. (see for example my chart on FRHV in which OBV and Acc/Dis shot in different directions during a high-volume event).

To measure whether a stock is overbought or oversold, I tend to favor RSI(14) though RSI(5) is considered to be more sensitive. The CCI is also useful. (This is particularly so on weekly charts).

I don't find Parabolic SAR to be helpful except during obvious rallies. ADX may be useful at times, however it is only helping you to interpret chart data that should be obvious.

The whole secret to many a trading system is is to stay long so long as the price stays above three moving averages, and to sell when the price closes below any one of them.

If you think you're thinking too hard about a particular stock, you are thinking too hard about it. If so, it may be time to move on to another one.