Hi jcl. Been meaning to ask this for a while but I keep forgetting... frown Since "normalized" has a number of definitions, what does it mean here?

For example, let's say a 5 year Test results in 47 drawdowns ranging from 3000 to 7000 over 5 to 17 bars. How are the foregoing "normalized" to 36 months (formula?), and what number is produced as the DDmax?

Thanks.