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Fighting the Odds: One or More Indicators?
Most of us are using technical indicators to generate buy & sell signals. And it’s a known fact that most people use more than a single indicator to accomplish that. The most common method is using a few technical indicators that generate buy & sell signals if they all meet a certain condition at the same time (for example: lines crossing/crossovers): and that occurs, most of the times, if all indicators used within a system point in the same direction (bullish or bearish). As we all know, a trading system consisting of more than one technical indicators has its main purpose of filtering ‘false’ signals. ... (full story)