Stacking Multiple Indicators (RSI + MACD + Moving Averages + Bollinger Bands) Produces Worse Trading Decisions Than Using One or Two Well-Understood Tools
Most traders do not need more indicators on their charts. They need fewer excuses for taking trades they cannot explain. Stacking RSI, MACD, moving averages, Bollinger Bands, and whatever else is currently popular does not create better confluence. In most cases, it creates the appearance of independent confirmation from several tools that are all processing…