Technical indicator categories

Everybody and their uncle categorizes indicators in different ways. You might go to a YouTuber and get a list of indicators that they use, you might read a book and get a list of tested indicators (though the author probably doesn’t quite specify how they were tested), you might go to Investopedia and get a somewhat better list or just Google it and get an infographic with yet another way of doing things.

You can do all that, and it will get pretty confusing. In my opinion, the best way to categorize indicators is to split indicators into categories that don’t influence each other that much. If you manage that, you’re basically predicting price movement from multiple angles.

For example, if we have two indicators that have different names but are interpreting the same part of the ticker data, using both is almost the same as using only one. An extreme example would be an indicator that tells you to buy every time the volume...