Hey everyone,
So I’ve been messing around with the thinkorswim normalize function lately, and I’m kinda stuck. Like, I get the basic idea—it scales indicators to a common range so you can compare them side by side. But I’m not entirely sure how to use it *effectively*.
For example, if I’m comparing RSI and MACD, do I just slap the thinkorswim normalize function on both and call it a day? Or is there more to it?
Also, does it mess with the original indicator values? I don’t wanna lose the accuracy of my signals, ya know?
Any tips or examples would be super helpful. Thanks in advance!
P.S. If anyone has a script or a quick walkthrough, that’d be awesome. I’m still getting the hang of this platform.
So I’ve been messing around with the thinkorswim normalize function lately, and I’m kinda stuck. Like, I get the basic idea—it scales indicators to a common range so you can compare them side by side. But I’m not entirely sure how to use it *effectively*.
For example, if I’m comparing RSI and MACD, do I just slap the thinkorswim normalize function on both and call it a day? Or is there more to it?
Also, does it mess with the original indicator values? I don’t wanna lose the accuracy of my signals, ya know?
Any tips or examples would be super helpful. Thanks in advance!
P.S. If anyone has a script or a quick walkthrough, that’d be awesome. I’m still getting the hang of this platform.