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Indicator Diet

Reduce chart clutter to reduce paralysis

Traders frequently warn that too many indicators cause analysis paralysis and redundancy. This recipe enforces a minimal indicator set and prompts removal of overlapping signals.

House RecipePersonal5 min setup

INGREDIENTS

📄Google Docs

PROMPT

Create "Indicator Diet". If my chart uses more than 3 indicators, audit for redundancy and propose a core 3-indicator template aligned to my strategy. Require justification for every indicator beyond 3.

Pain point

Over-tooling can delay decisions and hide basic price structure.

Triggers

  • Manual: "audit my chart setup"
  • Optional: when indicator count exceeds a threshold

Conditions

  • Identify duplicates (multiple momentum oscillators, etc.)
  • Keep only the minimum required for the trader's strategy

Actions

  • Recommend a "core set" (e.g., VWAP + 1 MA + volume) as a baseline
  • Ask user to justify any extra indicator: what decision does it change?
  • Create a "simple template" preset

Parameters (defaults)

  • maxIndicators: 3
  • requireJustificationAboveMax: true

Examples

  • If you have 10 indicators, propose removing down to 3 and explain redundancy.
  • Save a "minimal template" for high-stress days.
Tags:#trading#indicators#simplicity#decision-making