## Indicators that are scaled in the range 0 to 1

How do you know when a trend has started? Ended? This forum is for discussions about trend indicators and signals.
Roundtable Knight
Posts: 138
Joined: Wed Nov 10, 2004 4:36 pm

### Indicators that are scaled in the range 0 to 1

I have a simple request; can the board suggest indicators that are scaled in the 0 to 1 range, or can be easily adapted to be so?

rhc
Roundtable Knight
Posts: 464
Joined: Tue Nov 18, 2008 8:46 pm
Location: Oz
Here are a few indicators that are scaled from 0 to 100 (or 0 to 1 . . . same thing)

-Aroon (from Chande)
-Directional Movement (from Wilder)
-RSI
-Stochastics
-RSI_Stochastic
-Ultimate Oscillator (from Williams)
-ATR Oscillator
-The 'B' Indicator (from Shepasvilli's(?) B & Q indicators)
. . . . many more, I'm sure

Also note that any indicator (moving averages included) may be normalised to the 0-100 boundaries (or from 0-1 if you prefer) using either historical highs or 'x' periods highs & lows.
See below for details if this sort of thing interest you;
http://www.metastocktools.com/MetaStock/Normalize.txt

mojojojo
Roundtable Knight
Posts: 131
Joined: Mon Oct 31, 2005 2:07 pm
Can't use just use percentiles based on X periods of history to get scale from 0 - 100? Then just divided by 100 to get your 0 - 1 range

sluggo
Roundtable Knight
Posts: 2987
Joined: Fri Jun 11, 2004 2:50 pm
The Consensus Oscillator (discussed HERE) is scaled in the range

-100% <= ConsensusOsc <= +100%

You could shift it to the range (0,1) by adding 100% and then dividing by 200%.