multiple sensors on one pin

Hi,

I have been searching through the forums, before I got here with my question. I really don't have any electronics / engineering knowledge, I'm just a programmer whom can google for things and make the wiring from the tutorials, so please don't take my question as a dumb or silly thing.

So I have my own project, where there are some sensors and electronic modules (TFT LCD) that need to use the same hardware pins like SPI hardware (pins 50-53) and TWI hardware (pins 20-21).
So based on my googleing, and this forum, I see it is possible, but how?
Should I only use a simple wiring, where all wires of these sensors go to the same pins (so like all SDA requirements goes to pin 20), and do I just have to adjust a code for this behaviour?

Like I read a sensor, write a low voltage to the pin, and then read from the other sensor? Or do I need anything else? Do you have a sample scratch, or a tutorial, where I could start with?

Thank You!