This MACD normalizes the price so that it can be compared against moves that took place at prices of significant difference.
There are also options to change if the MACD and the signal line are computed using EMA or SMA.
This indicator normalizes Day's candle with Open. Idea is to see the daily movement in the context of the Open of the Day.
Larry Williams talks about Open being the most important price of the day. Hence, this indicator.
The Green line is average Open-to-High for occurrences of Red days. The Red line is average Open-to-Low for occurrences of Green days.
Balihuntul Normalized Absolute Volume by RagingRocketBull 2018
This indicator shows absolute and/or normalized volume for an asset, allows for more accurate volume based comparisons (like a log scale for volume).
Volume is measured in coins traded, not USD traded, so direct comparisons of different price moves may not be accurate.
Rescaling often involve bringing a series of values in a certain range, there have been many rescaling methods proposed in technical analysis such as the stochastic oscillator, relative strength index or the William %R to name a few. Rescaling the price allow the user to see when the security is overbought or oversold, in the case of the stochastic...
This script adds a volume indicator that is normalized by SMA(50) by default. This will help you easily see whether the volume is _actually_ high or not. It also highlights when volume is exceeding the average by making the column a darker color.
* This changes the volume into a percentage, so don't use this number for calculations
* Make sure to...
An indicator that multiply the closing price with the current volume. (close X volume)
This will show the relative interest in the underlying asset regardless of the price change over time. For the case of FXCM, when the price fell from $16 to $1, its volume spiked 16x at the same time given the fact that 16x more shares can now be purchased with the same...