Hi I often find contradicting signals given while using stocks using technical analysis for ex adx, moving avg ,macd will give buy signal but rsi , stochastics will give sell signal,also combined with volume price analysis I get contradicting signals as some are lagging and some are leading indicators for the same stock in same timeframes which makes it very confusing to make a proper buy or sell decision while trading intraday, any suggestion to solve this problem
Read, Watch, Study, Practice, Repeat…
Name one leading indicator. There are no leading indicator in TA. All are derived from price and hence lagging only.
As already stated, this is not a proper reasoning.
Have you ever watched cricket match? When captains go for a toss they come prepared with what decision to take. They consider various parameters.
I am ready to answer your question above, but you need to do one self study.
List all the issues/topics that captain considers before deciding the toss. I can think of 7 atleast.
The more indicators/tools you will use the more contradicting signals you would get. Therefore the simplest answer to your query is to keep your analysis confined to less indicators.
Coming to your specific indicators mentioned, they are contradicting in nature therefore they will serve the same purpose. For eg. a moving avg. or ADX is a trend following indicator that will indicate a trending market while RSI or Stochastics is an oscillator which would mark overbought and oversold zones for you.
Now the problem is, a trending market often becomes overbought/oversold which would be indicated by the oscillator to take reverse trade. However, these zones does not mean that the trend is ended therefore, a trend following indicator would keep you with the trend with the opposite signal to that of an oscillator.
Tip: Before using any indicator, understand its construction and what purpose it solves. This would help you to identify the reason behind the contradicting signals.