Personally when i see , i have a establish strategy then i use based on several indicators.I dont think is wise to buy or sell a currency pair based only in a single indicator.We should have other back up indicators to confirm the signal.
The use of multiple indicators also needs to be limited and structured. Too many indicators can actually lead to analysis paralysis or conflicting signals. What's more important isn't the number of indicators, but rather the function of each indicator?for example, one for trend direction, one for momentum, and one for entry timing.
