The Concept Of Equivalence by Giorgos Siligardos, Ph.D.
Try this to avoid using two indicators that are equivalent.
Let me present an objective, mathematical
way to determine when two indicators are
equivalent with respect to divergence.
Knowing when two or more indicators are
equivalent will allow you to watch only one
of them for divergences, saving you time.
Further, by using appropriate functions, you can convert a
normalized (bounded) oscillator into a denormalized one and
preserve its performance with respect to divergence. This lets
you create indicators as compositions of normalized and