In addition to core technical indicators, day traders on the ASX also incorporate Level 2 market data, which offers real-time order book visibility, showing bid and ask depth—crucial for timing entries and exits. another tool frequently used to assess whether a stock is trading at a premium or discount relative to its average price for the day, guiding intraday trade direction.

ATR (Average True Range) is employed to measure volatility, helping traders set realistic price targets and stop-loss levels. For momentum-based strategies, traders often reference stochastic oscillators to confirm trend strength or identify reversal zones.

Traders also consider the opening and closing auction phases on the ASX, where price action can be most volatile due to liquidity shifts. Monitoring sector performance, especially during earnings season or economic data releases, can offer added context. A combination of these indicators enhances decision-making during rapid market fluctuations.