$NYADV:
Stochastic Oscillator, CCI and RSI as similar indicators, while momentum and MACD are redundent.
If Chaikin Money Flow indicates that buying pressure prevails, then positive divergences, bullish moving average crossovers, bullish centerline crossovers and bullish oversold crossovers would be potential buy signals. (A bullish oversold crossover occurs when an indicator advances above the oversold line. This would be a move from below 30 to above 30 for RSI). All bearish signals would be ignored, at least as long as Chaikin Money Flow indicated that buying pressure reigned.
One possible combination of indicators would be the following:
- Chaikin Money Flow - A non-trend-following volume indicator to identify buying and selling pressure.
- RSI - A momentum indicator used to identify potential overbought and oversold levels.
- Moving Averages - A trend-following indicator to identify the underlying trend in the stock.
- Price Relative - A comparative indicator to identify the strength of the stock relative to a major index.
These four indicators have little in common and complement each other very well.
