OPEN-SOURCE SCRIPT

Oscillator: Which follows Normal Distribution?

When doing machine learning using oscillators, it would be better if the oscillators were normally distributed.

So I analyzed the distribution of oscillators.

The value of the oscillator was divided into 50 groups each from 0 to 100.
ex) if rsi value is 45.43 -> group_44, 58.23 -> group_58

Ocscillators : RSI, Stoch, MFI, WT, RVI, etc....

Caution: The normal distribution was verified through an empirical formula.
normaldistributionoscillaltorOscillatorsRelative Strength Index (RSI)statisticstatistics

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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