Relative Strength (Mansfield RS) — Indicator by Stage_Analysis

Trend Analysis Relative Strength Comparison

trendanalysis relativestrengthcomparison

This version of the Mansfield Relative Strength Indicator uses the unflattened version of the indicator recommended on the Stage Analysis website, as the slope angle of "Zero Line" (52 week MA of the stock / S&P 500) gives additional useful information that can't be seen on the traditional flattened version of the Mansfield Relative Strength Indicator.

Release Notes:

Added an input so that the symbol used can be changed in the settings from the default S&P 500 symbol

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Upgraded to PineScript v5 and multiplied by 100 to correct the data point.

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Added: overlay=false

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New title

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Changed: Added the ability to change the index or stock to be compared agains and the length of the MA

Release Notes:

Changed: MA length input name updated

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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