- Relative Strength Index - Oscillators - Technical Indicators - Price Charts, Technical and Fundamental Analysis
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Do you use a single confirmation indicator, or stack 2-3 together (e.g., MA + ADX, or RSI + volume)?
Here is a stack of 3 combined indicators (ATR, StdDev, and MA) for such purpose:
Ryan L Johnson, 2025.04.29 19:52
This indicator calls 3 other subwindow indicators. All files go in your Indicators folder.In my experience, I prefer using a few filters with clearly different purposes rather than stacking many indicators.
For example, I use trend structure for direction, ADX for trend strength, and RSI/volume as additional context. If price is moving sideways and trend strength is weak, I usually avoid taking trend-following signals.
I’ve also found that adding more indicators doesn’t necessarily improve a system. The important part is defining what each filter is supposed to confirm and then validating the combination through proper backtesting
Filters - thread with indicators
Market Condition Evaluation based on standard indicators in Metatrader 5 - the thread
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