Normalized Comparison - Kan

Normalized Comparison Indicator
This indicator allows you to compare financial instruments with different price ranges (like Bitcoin and Gold) on the same chart and scale. Using a normalized comparison method, symbols with completely different price levels can be easily compared side by side.
Features

Normalized Display: Normalizes symbols based on your selected start date, allowing you to see how they move from the same starting point
Future/Past Simulation: Shift the comparison data forward or backward by any number of days to identify leading or lagging correlations
Same-Scale Visualization: Even when comparing assets with vastly different prices (e.g., Bitcoin at $70,000 vs Gold at $2,000), the indicator shows both on the same scale
Customizable Settings: Choose your comparison symbol, time shift, line color, and normalization start date

How to Use

Apply the indicator to your primary chart (e.g., Bitcoin)
Select a comparison symbol (e.g., XAUUSD for Gold)
Choose the number of days to shift (positive for future, negative for past)
Set your normalization start date
Analyze how the two assets have performed relative to each other