when you plot a lot of indicators, do you find that you get confused about mixed signals? i often find this happen. for many beginners like myself, i find that we have the tendency to plot every indicator we know.
the problem with this is that it delivers mixed signals. since different indicators work differently, each has unique characteristics and provide different signals based on price movements. the problem with combining a lot of indicators is that half of them will produce a sell signal while the others will produce buy signals.
i guess the question is how do we know when we are using too many indicators and how to determine which indicator combination is most effective?
the problem with this is that it delivers mixed signals. since different indicators work differently, each has unique characteristics and provide different signals based on price movements. the problem with combining a lot of indicators is that half of them will produce a sell signal while the others will produce buy signals.
i guess the question is how do we know when we are using too many indicators and how to determine which indicator combination is most effective?
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