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normalizing indicators

Last post 04-15-2006, 4:37 by hayseed. 0 replies.
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  •  04-15-2006, 4:37 16489

    normalizing indicators

    was just studyin on jose normalizing codes.... another way comes to mind....

    when we overlay indicators on something else, we're given the option to choose from differing methods of scale..... if we overlay without scale, we are in a sense nomalizing the new indicator to the first plotted item..... to normalize within the bounds of 0 and 100 we could just overlay onto an indicator whose bounds were already 0 and 100.....

    at first thought we might think of having a blank window set 0 to 100 and just place the indicator to be normalized in it.... that doesn't work well....


    however, if were to create a template and place in it the stoch indicator for example, then choose white as the stoch's color it will dissappear.... so now we have a blank window that has 0 to 100 boundrys.... just choose your indicator to be normalized and place it in that seemingly blank window..... choose overlay without scale and it will be normalized.... from the largest, like broad market indicators and to the smallest, like the macd() , all are set 0 to 100..... played around with it for quite abit..... makes for some pretty interesting indicator crosses in a fairly user friendly manner...... h
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