How Do I Use the thinkorswim Normalize Function to Compare Indicators Effectively?

22 Replies, 1912 Views

I feel you on the confusion with the thinkorswim normalize function. It’s one of those things that sounds simple but can get tricky.

For RSI and MACD, I’d recommend normalizing them separately first and then seeing how they interact. Sometimes it helps to add a moving average to the normalized values to smooth things out.

And no, it doesn’t mess with the original values. It’s just a scaling tool.

If you’re into coding, the thinkorswim script reference guide is a lifesaver.

Messages In This Thread



Users browsing this thread: 1 Guest(s)