The thinkorswim normalize function is awesome for comparing apples to oranges—like RSI and MACD. But remember, it’s just scaling the values, not changing the logic behind the indicators.
One thing I do is normalize RSI and MACD, then add a histogram to see the difference between them. It’s a neat way to spot divergences.
For scripts, the thinkorswim library is your best bet.
One thing I do is normalize RSI and MACD, then add a histogram to see the difference between them. It’s a neat way to spot divergences.
For scripts, the thinkorswim library is your best bet.