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Chart School · Indicators 101 · Lesson
Combining indicators
4 minMembers
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Most indicators say the same thing
The instinct on finishing this course is to put several indicators on one chart and look for agreement.
The problem: RSI, MACD, moving averages and Bollinger Bands are all calculated from the same closing prices. When three of them agree, that is not three pieces of evidence. It is one piece of evidence, expressed three ways.
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