OstapChester

Mansfield Relative Strength indicator

Use this indicator to compare how security is performing in compare with preferred index ( SPX by default).
> 0 outperforming
< 0 underperforming

Works best for weekly, but can be applied to monthly and daily charts . It will be rather useless to use it in smaller timeframes
Apply it to SPX , industry index, sector index or other security in similar sector
Release Notes: UPDATE 1: Added sector and industry as optional params. Leave them same as index if you don't want to use them
Remove from Favorite Scripts Add to Favorite Scripts

Comments

m unable to load it to my scrips, plz tell from u getvthis indiactor in trading view..thanks
+8 Reply
lotusheart naizycm
@naizycm, it worked ! just copy paste
+1 Reply
How can I change this to use the FTSE 100 ass the benchmark, all help appreciated
Reply
Thank you ! I've been looking everywhere for this !
Reply
Buen indicador, lo estoy utilizando y me esta sirviendo mucho, gracias!
Reply
very helpful thanks. What is the period/length? I understand the option to check moving average on/off but couldn't tell what the length is for
Reply
@Borsaliz, By default 200 for daily, 52 for weekly, 10 for monthly. It can be changed in settings. Stan Weinstein used 52 for weekly in his book, I wanted to adapt it for shorter and longer timeframes if you're switching between timeframes without the need to constantly change length of MA
Reply
Borsaliz OstapChester
@OstapChester, thank you
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out