Indicators Dave uses in every strategy: Dave has a consistent routine for evaluating and improving trading strategies. The most important part of his routine and where he thinks most of his personal edge as a trader comes from is determining which indicators to use in a strategy.
Clean Charts: A simple chart should represent the quantifiable tests that have gone into determining which indicators contribute to profit.
Earnings Date: There are a lot of news items that can move a stock: upgrades, downgrades, share offerings, splits, etc. None are more consistently important than earnings announcements.
Position in range: A stock’s position in its recent range has a huge impact on its future movement.
Average True Range:All things equal, the Average True Range will be a better indicator when applied to a trend type strategy where you’re holding a lot of the day or overnight.
Relative Volume:Relative Volume is perhaps the most important filter of them all.