Avoiding Multicolinearity

Thanks veekay304, your post was extremely helpful. I agree with you that TA is just one tool in a big tool box. Thanks again.

 

interesting thread topic. hope you start finding answers more to your liking.

from my experience, i cut out most indicators to focus on price action and volume, just like some of the other traders on here. indicators that track these serve as a useful backup, many times just b/c other traders are using these same indicators too.

happy trading

 

any single indicator using price in calculation is already redundant with price.

 

Opuschild, isn't that what TA does, focus on price and volume action? Am I missing something? Your input is appreciated.

 

Not necessarily Alexis, there is open, high, low, close and any combination.