Normalizing indicators is like putting them on the same playing field. The thinkorswim normalize function is great for that, but it’s not gonna magically make RSI and MACD work together perfectly.
I’d say use it to spot patterns or confirmations, but don’t rely on it for entry/exit signals.
If you’re stuck, the thinkorswim community is super active. Someone’s probably already posted a script for what you’re trying to do.
I’d say use it to spot patterns or confirmations, but don’t rely on it for entry/exit signals.
If you’re stuck, the thinkorswim community is super active. Someone’s probably already posted a script for what you’re trying to do.