Stochastic Oscillator Technical Indicator, Moving Averages, RSI technical indicator and MACD Cryptocurrency Indicators.
Best combination of technical indicators Tutorial - Stochastic Oscillator Technical Indicator, Moving Averages indicator, RSI technical indicator & MACD technical indicator
Stochastic can be combined with other indicators to form a bitcoin strategy - Buy Sell Bitcoin Signal Indicator MetaTrader 4 Technical Indicators. For our example we'll combine it with:
- RSI
- MACD indicator
- MAs Bitcoin Trading Indicator
Bitcoin Technical Indicator Combination Example 1:
Sell Cryptocurrency Day Signal - Best Combination of Indicators for Day Cryptocurrency Day Trading
From our bitcoin strategy the sell bitcoin signal gets generated when:
- Both MAs are moving down
- RSI technical indicator is below 50
- Stochastic heading downwards
- MACD technical indicator moving downward below centerline
The sell cryptocurrency signal was generated when all these bitcoin day rules were met. The exit bitcoin day trading signal gets generated when a signal in the opposite direction is generated i.e. When the trading indicators reverse.
The thing about using such a bitcoin day strategy is that we are using different types of technical indicators to confirm signals and avoid as many whipsaws as possible in process.
- Stochastic - is a momentum oscillator
- RSI technical indicator- is a momentum oscillator
- MAs Technical Indicator- is a btcusd crypto currency trend following technical indicator
- MACD indicator- is a market trend following technical indicator
It's very useful to combine more than one bitcoin day technical indicator, as a combination of bitcoin day trading signals is better than relying on just one single technical indicator. The technical indicator combinations reinforce each other, and cancel out false whipsaw fakeout fake out signals.
A trend following technical indicator helps a btcusd trader to see the overall picture, while using more than one momentum indicator gives better and more reliable entry and exit points for trading.
Best combination of technical bitcoin indicators & their bitcoin signals help to analyze a lot of btcusd market activity.
Example 2:
Buy Trade Signal - Best Technical Indicator Combination
For this technical indicator combination example the bitcoin trend is upwards, but at some point there were a few false signals - whipsaws generated by the stochastic oscillator technical bitcoin indicator - So the question is how can one avoid these bitcoin day trading whipsaws?
The answer is by combining other bitcoin indicators such as MACD, RSI bitcoin Indicator and MAs a btc usd trader could have avoided the bitcoin whipsaws, as shown on the example above MACD had not given a bitcoin crossover signal although it was very close to the zero center line mark, at the same time the momentum at which the moving averages indicators turned wasn't decisive so as to signal a decisive bitcoin trend reversal.
As long as MACD technical indicator is above zero center-line mark even if the MACD technical indicator lines are heading downwards then the bitcoin trend is still upwards. As you can see from the above technical indicator combination example MACD bitcoin day trading indicator never went below the zero line mark and afterwards the upward bitcoin trend continued with the MACD technical indicator maintaining above Zero Center-line and continuing to move upward.
Duringrange bound sideways bitcoin trends Stochastic Oscillator Technical Indicator Bitcoin Indicator will give the fastest bitcoin signals that are prone to whipsaws and this is why stochastic indicator is best combined with other bitcoin day trading indicators & cryptocurrency signals which are generated are confirmed using other Bitcoin indicators to form - Best Leading Indicator Bitcoin Trend Indicator and Momentum Bitcoin Technical Indicator Combination - Best Combination of Crypto Indicators for Intra-day Trading - Best Bitcoin Technical Indicator Combination - Best Indicators for Day Trading Bitcoin Strategies.
More Courses and Tutorials:
- How to Learn BTC USD for Free Tutorial Guide Training Website
- What Trading Indicator to Combine BTCUSD Price Action Trading with?
- How to Improve BTCUSD Psychology with These Bitcoin Trading Methods & Tips
- How to Trade with Candlestick Trade on MT4 Charts
- Fibonacci Pullback Levels in Trend & in Trend
- How to Trade Trend Trade Signals with a Trend Strategy
- How Can You Analyze MetaTrader 4 Bitcoin Pending Trade Orders in MT4 Platform?
- What Happens to Bitcoin Price Action After Falling Wedge Chart Pattern?
- BTCUSD Tutorial of How to Draw Bitcoin Trendlines in BTCUSD Trading
- MT4 Bitcoin Technical Indicators for iPad Download BTC USD Technical Indicators Tutorial Course