Get started
Dicargo_Beam

Oscillator: Which follows Normal Distribution?

Dicargo_Beam  
statistics Oscillators normaldistribution statistic oscillaltor Relative Strength Index (RSI)
68
14
statistics oscillator normaldistribution statistic oscillaltor relativestrengthindex
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.
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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?