Is it effective to combine indicators in trading?
I have just started to take an interest in technical analysis and see that there are hundreds of indicators. I don't know whether to use one indicator or combine several. I want to understand how to choose the right combination for my strategy.
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Combining indicators often gives a better signal than using one, as it allows you to confirm a trend or entry point. Personally, I found the material at https://tradequotex.com/en/unleashing-the-power-of-bb-and-rsi very helpful, as it shows in detail how Bollinger Bands and RSI work together. It explains the logic of when a trend is developing and when it is better to hold back. After that, I started using combined signals, and my decisions became more confident, and the risks a little lower.