Normalizing indicators is cool, but it’s not a magic fix. The thinkorswim normalize function just scales them to fit a 0-100 range or whatever you set. It’s useful for visual comparison, but it won’t change the underlying behavior of the indicators.
For RSI and MACD, I’d say normalize them if you’re trying to spot correlations or divergences. But don’t expect it to improve accuracy—it’s more about making the chart cleaner.
Check out the thinkorswim forums for scripts. People share some pretty neat stuff there.
For RSI and MACD, I’d say normalize them if you’re trying to spot correlations or divergences. But don’t expect it to improve accuracy—it’s more about making the chart cleaner.
Check out the thinkorswim forums for scripts. People share some pretty neat stuff there.