Learn how to interpret price first
Ok, now that you know the truth about technical indicators, you can finally relax. You can stop looking for the perfect indicators to solve all your trading problems. So what should you look for on a chart? Good question! The main thing that you are trying to figure out on a chart is the psychology of other traders.
You are trying to figure out where they are going to buy and where they are going to sell. You are trying to get into their heads! You want to know if they are excited, nervous, scared, or uninterested.
Every stock, in every time frame, alternates between these four emotional extremes. A stock breaks out of a consolidation (excited), momentum slows down (nervous), traders begin to sell (scared), the selling finishes and there is indecision (uninterested). This cycle repeats over and over again.
As a trader you look at price to find the point at which one emotional state is about to evolve into another. Candlestick patterns are useful to determine these turning points. They will give you these signals far in advance of any technical indicator!
Using technical indicators the right way
You still want to use indicators in your trading? That's fine, just use them the right way - to indicate! If you like using RSI then use it to tell you that a turning point may be coming. Then just forget about it and focus solely on the price action in the stock.
Too often I see traders buying stocks just because an indicator is overbought or oversold. A stock can become overbought or oversold for a very long time. In the meantime you have a position in the stock and you are losing money!
Look for divergences. If there is one thing that technical indicators can be useful for is the ability to identify those times when price is at odds with the indicator. This can signal that a turning point may be coming. As always look at the candles (price) for validation.
Use the right indicator for the job. For analyzing trends using trend following indicators like moving averages. For trading ranges, use oscillators like RSI.
Remember that you do not need any kind of indicator to trade stocks and you certainly should not be using them until you have a full understanding of how to interpret the price action. Even then you may opt to never use them in your trading. I don't use any on my charts.
Practice makes perfect
Print out 20 charts of random stocks. Do not put one technical indicator on the chart! Don't even put moving averages or volume on it. Now find a quite spot in your favorite chair, fire up a nice premium cigar, and just look at the candles.
Look for support and resistance, trend lines, and emotional extremes. Take a piece of paper and cover up the "hard right edge" and try to get into the heads of these traders. Can you feel what they are feeling? More importantly, can you anticipate what will come next?