multiple indicators

[Rambis]

suppose in your system you want to track 2 or 3 indicators instead of just one. what kind of rules would you set up? buy or sell on any indicator? any two? is there a time period in which they would have to agree?

[netwrangler]

suppose in your system you want to track 2 or 3 indicators instead of just one. what kind of rules would you set up? buy or sell on any indicator? any two? is there a time period in which they would have to agree?Let me go first with a concept.

Wiser traders than I will come later with details.

In my view, the best models are those which have multiple indicators in play. If you are watching three indicators, for example, a buy signal from one would get your attention. A buy signal from two at the same time would have you checking the charts and setting up limit orders. A buy signal from all three would have you reaching for your wallet.

Your time period question is a good one. I have seen several models that require 'confirmation' from a second indicator before the model followed the initial indicator's signal.

[aiki14]

Let me go first with a concept.

Wiser traders than I will come later with details.

In my view, the best models are those which have multiple indicators in play. If you are watching three indicators, for example, a buy signal from one would get your attention. A buy signal from two at the same time would have you checking the charts and setting up limit orders. A buy signal from all three would have you reaching for your wallet.

Your time period question is a good one. I have seen several models that require 'confirmation' from a second indicator before the model followed the initial indicator's signal.

I always look for a confirming indicator or two. And make sure your indicators are not really the same. Moving averages don't confirm MACD, they essentially measure the same thing. But if your MACD indicates buy and is confirmed by OBV, and a candle pattern, that's a good thing.

[Rambis]

what time period would you look to see it confirm in? same day?