Stan Weinstein: BC RS vs. Mansfield Charts RS

   I used to think Relative Strength [Relative Compartive] is relative to the index of the country so if it's IBM, it's part of the DOW Jones ^DJI rather than the S&P 500 index. In Australia though that would have to be part of either the XJO or XAO although that being said, our market is so small we can just pull the index of that sector compared to the XAO/XJO index.

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paulchow2k Members Profile Send Private Message Find Members Posts Add to Buddy List Newbie Joined: 15 Oct 2010 Posts: 7	Post Options Post Reply Quote paulchow2k Report Post Quote Reply Topic: Stan Weinstein: BC RS vs. Mansfield Charts RS Posted: 03 Jul 2015 at 4:22pm
	I used to think Relative Strength [Relative Compartive] is relative to the index of the country so if it's IBM, it's part of the DOW Jones ^DJI rather than the S&P 500 index. In Australia though that would have to be part of either the XJO or XAO although that being said, our market is so small we can just pull the index of that sector compared to the XAO/XJO index. p

cmacdon Members Profile Send Private Message Find Members Posts Add to Buddy List BullCharts Guru Joined: 09 Sep 2012 Location: Brisbane Posts: 236	Post Options Post Reply Quote cmacdon Report Post Quote Reply Posted: 09 May 2015 at 8:26am
	Charlie-8 I am not sure what Mansfied charts are about but there used to be a post I thought from BC, somewhere on this forum saying there was a problem with the Stan Weinstein stage indicators on BC; so, I would check with BC whether whatever the problem was, in that indicator, has since been fixed.
	BC User since June 2007

charlie_8 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 06 Apr 2011 Posts: 21	Post Options Post Reply Quote charlie_8 Report Post Quote Reply Posted: 06 May 2015 at 8:11pm
	I edited my post today, because all the pictures were lost.

charlie_8 Members Profile Send Private Message Find Members Posts Add to Buddy List Regular Joined: 06 Apr 2011 Posts: 21	Post Options Post Reply Quote charlie_8 Report Post Quote Reply Posted: 06 May 2015 at 4:20am
	Hello dear BC users, a couple weeks ago I came across a Amibroker code, that seems to be a good reflection of original RS of Mansfield Charts. I don´t know, what data Mansfiled Chart used for benchmarking (I'm using S&P500 Index), may be they have used any industry or sector averages. I compared pictures of 2 stocks from the book (GT and IBM) with charts from Amibroker and BC. we could see more or less comparable results in Amibroker and totally disagreement with BC. :( here is the formula: ____________________________________________________ maPeriod = Param( "MA Period", 52 * 5, 0, 500, 1 ); rsSymbol = ParamStr( "Base Index Symbol", "^GSPC" ); rs = RelStrength( rsSymbol ); rsMan = ( rs / MA( rs, maPeriod ) ) - 1; dynColor = IIf( rsMan >= 0, colorLime, colorRed ); Plot( rsMan, "RS Mansfield", dynColor, styleArea ); ______________________________________________________ Edited by charlie_8 - 06 May 2015 at 8:07pm