What Indicator to Combine Price Action Trading with?
Technical traders use charts to make decisions depending on chart price movements.
When analyzing the price - traders use price action strategies. Traders also can combine these price action strategies with other indicators to form a price action patterns system.
Example of Combining Price Action Strategy with other Indicators
Traders can use technical indicators such as RSI and Moving Averages to come up with a Price Action Pattern Indicator System like the system examples described below:
Traders use the additional indicators to confirm the signals generated by price action strategies which they are using.
Traders only open trades if the price break out signals given are in the same market trend direction as that of the indicators.
Just like any other indicator in XAUUSD, price action strategy also has whipsaws and there is a requirement to use this price action trading strategy as a combination trading strategy with other signals as compared to just using this price action strategy alone.
Combining Price Action Trading with other Indicators to Create a Price Action Setups Strategy
Other Indicators to Combine Price Action Trading with are:
What Indicator to Combine Price Action Trading with? - System Best Indicator Combination.
