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| Added: July 23, 2007 |
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In his article "Normalization" in this issue, Brian Bell introduces
some methods for normalizing indicators. These methods can be easily recreated
in MetaStock 6.52 or higher.
Select Indicator Builder from the Tools Menu, click New, and enter the formula
for the desired method:
Note: To apply these methods to different indicators, replace the simplemoving
average oscillator portion with the desired indicator's formula. -- Cheryl C.
Abram, Equis International, Inc.
Code:
Simple Moving Average Oscillator
OscP(4,8,S,$)
Simple MA Osc norm to Std Dev
OscP(4,8,S,$)/Stdev(C,8)
Simple MA Osc norm to Ave True Range
OscP(4,8,S,$)/ATR(8)
Simple MA Osc norm to Historical Range
OscP(4,8,S,$)/WillR(200)
Author: Brian Bell
Source: http://www.traders.com
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