Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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Here is what I think is an answer to seeing weird stuff when plotting charts and then signals not working.
For instance:
The indicator: Cross(WillR(14),Mov(CLOSE, 30,E)) will give 0 because willr(14) is always neg and
mov is always positive. but when plotted separately one over the other in a chart you get some neat crossovers, this is because
when plotted separately each indicator is "normalized" to fit it's high and low into the chart.
You can verify this by plotting the two charts separately, right clicking one and selecting "SCALING" "merge with LH scale"
and then switch to "overlay w/o scale", watch how the chart changes.
This is an important first step to understand before creating functions by combining other functions.
In order to get the signals from a function like Cross(WillR(14),Mov(CLOSE, 30,E)) you need to first
"normalize" both so they have the same scale before comparing, otherwise.. apples and oranges.
So what to do...gotta compare apples to apples...
Equis or Jose can give you a "normalization" function (I am pretty sure they already have it) that you can
first apply to the two indicators before comparing with something like a cross function.
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 1/19/2005(UTC) Posts: 1,065 Location: Koh Pha-Ngan, Earth
Was thanked: 2 time(s) in 2 post(s)
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First there was the Terminator, then along came the Governator...
Now we have the Normalizator - normalizes price/indicator to 0~100% boundary oscillator; normalizes two unrelated plots to same scale. :)
jose '-)
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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johnl,
might I recommend you do a search of this forum for normalisation OR normalization. It has been asked many times before, and answered.
wabbit :D
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 11/7/2005(UTC) Posts: 602
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Rank: Advanced Member
Groups: Registered, Registered Users, Subscribers, Unverified Users Joined: 10/28/2004(UTC) Posts: 3,111 Location: Perth, Western Australia
Was thanked: 16 time(s) in 16 post(s)
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Rank: Advanced Member
Groups: Registered, Registered Users Joined: 3/19/2005(UTC) Posts: 2,995
Was thanked: 14 time(s) in 10 post(s)
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Thanks for your patience, Wabbit. This really is a useful and frequently requested topic. I'm adding it to the next FAQ revision.
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