Normalizing indicators with the thinkorswim normalize function is a great way to compare them, but it’s not a substitute for understanding what each indicator does.
For RSI and MACD, I’d normalize them and then look for patterns or divergences. It’s not perfect, but it can help.
And no, it doesn’t mess with the original values. It’s just a scaling tool.
Check out the thinkorswim forums for more ideas.
For RSI and MACD, I’d normalize them and then look for patterns or divergences. It’s not perfect, but it can help.
And no, it doesn’t mess with the original values. It’s just a scaling tool.
Check out the thinkorswim forums for more ideas.