How to properly COMBINE Indicators ?

One mistake most traders do is using multiple indicators that belong to the same Classification of indicator & when all the essentially same class of indicators give the signal, tend to believe it is a strong signal

This is a big mistake#1

What you should know is there are FOUR major Classification when it comes to indicators:
1) Trend
2) Momentum
3) Volume
4) Volatility

1) Trend Indicators are designed to measure the strength & direction of the trend. They are usually lagging indicators. #2

Examples : Moving averages, Parabolic SAR, ADX, MACD etc.

2) Momentum Indicators are used to Measure the Relative Strength of the recent price moves. They are usually Oscillator Based Indicators, showing overbought and over sold Areas. They work well in Range bound market #3

Examples : RSI , Stochastic etc...

3) Volume Indicators measure the strength of a price move by using Trading Volume

Examples : Standard Volume Chart, Volume Profile Indicator, etc..

4) Volatility Indicators measures the Rate of Price Changes regardless of their direction #4

Volatility Indicators rise when the Markets move fast and falls when the market falls

Examples : Bollinger Bands, ATR, etc..

Now if you are going to combine Indicator you need to know Which indicator belongs to which category, and be able to figure out how to combine those. #5

Each Indicator has its own weaknesses, so if u combine the indicators in a wrong way it could end up causing a lot of confusion to u

Note: Trade signals r not essentially strong if several indicators belonging to the same classification gives entry signals at the same time #6

Try to combine the Indicators that show different type of information at the same time keeping in mind not to cluster your screen with so many indicators else you will filter out essentially the good trades also. Try to use about 3 to 4 Indicators at the max. #7

Also there is a tendency among traders to add a new indicator when they encounter a loss thinking that a new indicator addition could have saved them from taking that loosing trade. Always know that you will still end up taking losing trades even if you use 100 indicators. #8

Use the indicator as a guide to confirm your Trade and not as a tool to blindly follow.

The below are a few combination of indicators you can use:
1) 1 Trend indicator and 1 Momentum Indicator
Clubbing moving average indicator and Stochastic does well to give good signals #9

2) 1 Trend Indicator and 1 Volume Indicator
I have explained this kind of in detail in my past Knowledge sharing sessions

3) 1 Momentum Indicator and 1 Volatility Indicator
You can use the Bollinger Bands and the RSI indicator and look for divergences To aim for a good entry #10

Now which combination you would like to choose belongs to what kind of a trader you are. If you are a long term trader, following the Trend indicators as a primary Indicator group would be the best for you. If you belong to the group that likes short moves then use #11

Volatility & Momentum indicator combo to time your entry for a quick Scalp

You need to remember there is no Holy Grail when it comes to trading. You need to understand your Personality as a trader before you choose the Trading style

Best of luck discovering your Indicator Combo