First you have to identify the type of trader you are. The i...

First you have to identify the type of trader you are. The indicators that work for a scalper or day trader may be very different than the indicators that will be useful for a swing trader or buy and hold trader. I'm a swing trader. I use the 200 day simple moving average to indicate bullish or bearish trend. If price is still above 200 dma the trend is bullish if price is below the trend is bearish. I like using 10 or 12 period rsi for entries. if price is above 200 dma and rsi is less than 30 and there is no apparent reason for the low valuation,i.e. no bad news, disappointing earnings, etc. it's time to place a buy. I caution you to take rsi for what it is, a momentum indicator. just because a stocks rsi is above 70 doesn't mean that you should take a short position. The rsi can stay above 70 for a long time with hot stocks and you can miss out on the strongest movers with such tactics.