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Average Absolute Error Normalization

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Normalization often involve the ratio of a quantity over a variable in order to bring that quantity in a specific scale (fixed/non-fixed). Normalized oscillators are common types of oscillators used in technical analysis.

The proposed indicator is a normalized oscillator in a scale (-1,1) and is based on the average error between the price and a specific moving average divided by the average absolute error. The indicator can be smoother by checking the "smoother" option.

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The interpretation is the same as any other type of oscillators, overbought/sold levels are also provided (-0.8,0.8) by default.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.