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
The Mansfield Relative Strength indicator as popularized by Stan Weinstein in his classic book: Secrets For Profiting in Bull and Bear Markets
The indicator uses 260-day and 10-day simple moving averages and for reference the NASDAQ100 (NDX) index as default