I am sharing the setup which I use on my charts. I mainly use 5 minute, 60 minute charts for day/swing trading and daily, weekly,monthly charts for an intermediate/long term view. All my charts have the same setup - Candles and three technical tools. I am giving the Nifty EOD chart with the three tools which I will explain.
The Green and Black bars are candlesticks, which all users will recognise. If you do not know what candlesticks are, you should go a google search, now.
The deep blue line represents a 34 period zero lag moving average. The slope of this average gives me the intermediate trend. If the line is moving up, intermediate trend is up. If the line is moving down, the intermediate trend is down.
The light black line is a linear regression line with 8 periods as lookback. I look at 'hooks' in the LR8 line - change of direction in LR.
The Oscillator in the lower pane is called TA-Insync. This oscillator is a proprietary indicator in Trend Analyser (available from www.s2analytics.com). But, similar results can be simulated with a stochastics using a long lookback. I have 55 as the lookback here, with 5 as the value for the trigger line - the red line. The trigger is simply a 5 period average of TA-Insync.
How do I use these tools? For analysis, mostly I look at the candlesticks and determine the trend, as well as identify any chart patterns that I can see. The tools are useful when I wish to take a trade. When trading, I need clear, well defined rules and indicators provide the rules. A crossover in the TA-Insync from oversold or overbought levels gives me a trading signal. So also does the 'hook' in the LR line. Once you want to go for disciplined trading, any number of rules can be created with any kind of indicators.