|05-06-2008, 01:40 AM||#1|
Join Date: Apr 2008
Thanked 0 times in 0 posts
Normalizing Indicators - RSI
After reading John Bollinger's Bollinger Band book which discusses normalising indicators as an advanced feature, can someone please show me how to program the custom indicator so I can then add it to my back testing routines..
The formula in the book goes like this...
(Indicator - Indicator Lower Band) / (Indicator Upper Band - Indicator Lower Band)
The purpose is to plot any Indicator (RSI, MFI, etc) as part of the bollinger bands %b formula (last - lower band)/upper band - lower band)
What you will get is a value between zreo and 1 instead of a 30/70 upper/lower indicator
If anyone can help me with this sticky programming, I thank you in advance.
Currently using NT 6.0 and aim to upgrade to 6.5 as soon as my pc gets some more RAM
|05-06-2008, 07:03 AM||#2|
Join Date: Nov 2004
Location: Denver, CO, USA
Thanked 45 times in 32 posts
For the most part, a quick response to show you how to program this will likely not be sufficient. You would need to go through the indicator development tutorials found in our Help Guide and start there. Worst case, you can contract a NinjaScript consultant - http://www.ninjatrader.com/webnew/pa...injaScript.htm
NinjaTrader Customer Service
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