The thinkorswim normalize function is super handy for comparing indicators like RSI and MACD on the same scale. But yeah, it’s not just about slapping it on and calling it a day. You gotta make sure the indicators you’re comparing actually make sense together. Like, RSI and MACD are different beasts—one’s momentum, the other’s trend. Normalizing them helps visually, but don’t rely on it blindly for signals.
Also, it doesn’t mess with the original values—it just scales them for comparison. If you’re worried about accuracy, maybe test it on a paper trading account first.
For scripts, check out the thinkorswim community library. Tons of examples there!
Also, it doesn’t mess with the original values—it just scales them for comparison. If you’re worried about accuracy, maybe test it on a paper trading account first.
For scripts, check out the thinkorswim community library. Tons of examples there!