We can use one or more indicator use same time in same chart.it very great and useful to take any buy and sell entry.and decrease trend related confusion.
Example 1:Bollinger band And Stochastic
here 2 indicators are used.first one is bollinger band and second is stochastic.
bollinger band setting is
period:20 and deviation:2 and,
stochastic setting is
%K :14,
%D :3 ,
slowing :3,
level is 20 and 80
so when bollinger band touch 20 level and move down, and stochastic touch 80 and move down that time forex trader make sell entry.
its a sell entry time in trend.
when bollinger band touch 20 level and move up, and stochastic touch 20 and move up that time forex trader make buy entry.its a
buy entry time in trend
Example 2:Stochastic And Rsi
here 2 indicators are used.first one is RSI and second is stochastic.
rsi setting is
period 14 ,
level 30,50,70 and,
stochastic setting is
%K :14,
%D :3 ,
slowing :3,
level is 20 and 80
so when rsi touch 70 level and move down, and stochastic touch 80 and move down that time forex trader make sell entry. its a sell entry time in trend.
when rsi touch 30 level and move up, and stochastic touch 20 and move up that time forex trader make buy entry.its a buy entry time in trend.
here above in example we describe, when in stochastic line cross 20 level, and rsi cross 30 level ,when both move on up side ,and candle is buy . so we can make a buy entry in trend.
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