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Stage_Analysis
Sep 5, 2020 6:59 PM

Relative Strength (Mansfield RS) 

Tesla, Inc.NASDAQ

Description

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

Release Notes

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

Release Notes

Added: overlay=false

Release Notes

New title

Release Notes

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
Comments
JD666
What does "resolution = 1W" Mean? Is this a Weekly line no matter what TF I use? It doesn`t seem so...
Stage_Analysis
@JD666, I created another version of this indicator with more options. So search for "Mansfield Relative Strength (Original Version) by stageanalysis"
JD666
@Stage_Analysis, Thank you :) Great scripts and thank you for sharing!
proyoung
Thank you very much. You are a legend
anthonyhimself
Thank you, needed this.
joeb38
Thank you
LuongTuanVN
Tks you
jigz11
Perfect script. You may want to further enhance it by adding RS High, RS Low indicators. It's very useful. refer indicator "RS Line by @iArpanK "
pv2001821
Sir can you provide a code for standard RS indicator?? what is the difference between mansfield RS indicator and standard one?
Madcaptains
@pv2001821, i was wondering the same. Did you find out?
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