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Replying to your message of Friday, October 1, 2004, 3:32:09 AM,
Ross,
I think you want to plot 2 indicators against the same price data, as
opposed to a single indicator against 2 price data streams.
You could plot the ratio of Indicator1 to Indicator2 (or vice versa).
That would give you a single plot with the Y-axis representing the
ratio.
If you also want to separately visualize the ups and downs of
Indicator1 and Indicator2, you could plot the ratio of Indicator1 to
Indicator3 and the ratio of Indicator2 to Indicator3. Choose for
Indicator3 something meaningful.
Paul
RSB> I am plotting two price-based indicator values and I would like to
RSB> normalize them so that I can see them both displayed over a similar
RSB> scale regardless of the actual price of the market being tested,
RSB> but while still retaining the relationship between the two values.
RSB> I can normalize them using the formula:
RSB> [(Series - SeriesLL)/(SeriesHH - SeriesLL)] * 100
RSB> but that scales both indicator values from 0-100, while I really want
RSB> to preserve the relationship between them - if value1 is really half
RSB> the size of value2 then I would like to be able to see that.
RSB> Any suggestion? TIA!
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