The thinkorswim normalize function is a game-changer for comparing indicators, but it’s not a one-size-fits-all solution. For RSI and MACD, it can help you see overlaps or divergences more clearly, but you still need to understand what each indicator is telling you.
One thing to watch out for: if you normalize too many indicators, your chart can get cluttered real quick.
For scripts, try the thinkorswim shared scripts section. Lots of gems there.
One thing to watch out for: if you normalize too many indicators, your chart can get cluttered real quick.
For scripts, try the thinkorswim shared scripts section. Lots of gems there.