You're drowning in data from multiple technical indicators. How do you make sense of it all?

Mainly many new users make mistakes like adding too many indicators on the chart for confirmation. But as we see a lot of pro, hedge funds or professional trades mainly use the movement and structure of charts like (Higher high, Higher Low) and also add the MACD or RSI for better idea

The best technical indicator strategy is KISS (Keep it Simple, Stupid). Start with a trend-following indicator and a momentum oscillator. Use a super simple strategy as a benchmark. In the second phase, make the rule slightly more complex, and that's it. Stop until you can't improve results.

To make sense of data from multiple technical indicators, focus on key indicators that align with your strategy, use data visualization tools to identify trends and patterns, and employ statistical methods to filter out noise and confirm signals.

When drowning in a sea of data from various technical indicators: i/. stop, ii/. regroup, iii/. go back to basics. Above all keep it simple and manageable rather than complex and over bearing.

When overwhelmed by data from multiple technical indicators, it's crucial to simplify and prioritize. Begin by identifying which indicators are most relevant to your specific strategy and market conditions. Categorize them into trend, momentum, volatility, and volume indicators, selecting one or two from each category. Cross-validate signals from different types to confirm trends and reversals. Use visual aids like charts to spot patterns more easily. Lastly, continuously refine your approach based on what consistently yields accurate predictions, ensuring your analysis remains effective and manageable.

The second step is to choose the asset you want to trade and the time frame. Apply a simple technical analysis rule that will be the benchmark rule. Generate small “mutations” in the rules and see which ones survive each time.

In technical books there is a Sentence "Trend is best friend" It means that knowing the trend of the market is mandatory in technical analysis. Using Moving Average or ADX can gives you a idea about trend also gives the clear picture

The third step is to combine indicators following a weighting rule for individual results. In the case of trends, it is possible to combine moving averages of different periods with oscillators of varying time frames. For example, the 200-day moving average with a 14-day RSI can be combined with another study at a 30-minute chart to improve the execution of entry into the trade.

Never jump the gun, keep to your system. If one is constantly second guessing the signals, the system or operator is broken. Therefore, scrap the system and go back to the beginning, re-do and re-configure the system to suit the required objectives and behaviours of system and the operator.

Without risk management you can't stay in the market for a long time. If your risk management is good then you can achieve higher levels profit but some time you gets fascinated about risk management and break the rule. If personally i say "Never risk more then you can afford to lose on single trade"