Indicator · Pine Script v6 · Own pane

Min-Max Normalization (NORMALIZE)

by mihakralj

Min-Max Normalization rescales a price series or input source into a bounded range between 0 and 1 using rolling minimum and maximum values over a designated lookback period.

View on GitHub

GitHub stars99on the repository
Pine versionv6current
Lines of code37
Settings2inputs
LicenceApache-2.0
Last update4 weeks ago27 Sep 2026

Add It to Your TradingView Chart

  1. 1Copy the scriptPress Copy script above, or the copy button on the code below.
  2. 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
  3. 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
  4. 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.

Source Code

37 lines of Pine Script v6 from lib/numerics/normalize/normalize.pine, published under Apache-2.0. Keep the author's credit and licence lines when you reuse it.

normalize.pine
// Licensed under the Apache License, Version 2.0
// © mihakralj
//@version=6
indicator("Min-Max Normalization (NORMALIZE)", "NORMALIZE", overlay=false, precision=6)

//@function Normalizes a source series to the fixed range [0, 1] using Min-Max scaling over a lookback period.
//@param src The source series to normalize.
//@param len The lookback period to determine min and max values. Must be >= 1.
//@returns The normalized series (scaled to [0, 1]).
normalize(series float src, simple int len) =>
    float min_val_in_period = src
    float max_val_in_period = src
    for i = 1 to len - 1 
        current_val = src[i]
        if na(current_val)
            continue
        if current_val < min_val_in_period
            min_val_in_period := current_val
        if current_val > max_val_in_period
            max_val_in_period := current_val
    range_val = max_val_in_period - min_val_in_period
    normalized_value = 0.0 
    if range_val != 0.0 and not na(range_val) 
        normalized_value := (src - min_val_in_period) / range_val
    normalized_value

// ---------- Main loop ----------

// Inputs
i_source = input.source(close, "Source")
i_length = input.int(200, "Lookback Length", minval=1, tooltip="Lookback period for finding min/max. Must be >= 1.")

// Calculation
normalizedValue = normalize(i_source, i_length)

// Plot
plot(normalizedValue, "Normalized Value [0,1]", color=color.yellow, linewidth=2)

Overview

Min-Max Normalization (NORMALIZE) plots the normalized output as a line indicator in a separate chart pane. Users can select the input source series and adjust the lookback window length. The indicator helps standardize data across different assets or price levels.

Details

Published by

mihakralj on GitHub

Type

Indicator, Pine Script v6

Draws

Separate pane below the chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

Topics

algorithmic-tradingcsharpdotnetpinescriptpythonquantitative-financesimdta-libtechnical-analysistechnical-indicators

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

SettingTypeDefaultVariable
Sourcesourceclosei_source
Lookback Lengthint200i_length
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.

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