Script Variable Normalisation

Optuma Forums Optuma Scripting Script Variable Normalisation

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    Mandeep
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    Hi

    I have created a custom ranking code using:

    (RSI() + ROC() + OBVP() + WR())/3

    and trying to backtest this using the ranking function.  The problem I’m having at the moment is trying to normalise the variables so they are equally weighted.

    Is there a way to convert these individual components to % (e.g. I would need a way to calculate the sum the ROC() of all stocks in one universe) or any other ways to normalise these data components.

    cheers

    Mandeep

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