How to avoid the multicollinearity trap ( John Bollinger)

Multicollinearity - several series containing very similar information used as though they were separate, independent inputs.
To avoid the multicollinaarity trap use only one indicator for each category

CATEGORY	EXAMPLE INDICATORS
Momentum	Rate of change, Stochastics
Trend	Linear regression, MACD
Sentiment	Survey, Put-Call ratio
Volume(OPEN)	Intraday Intensity, Accumulation Distribution
Volume(CLOSE)	Money Flow Index, Volume Weighted MACD
Overbought/oversold	Commodity Channel Index, RSI