Stan Weinstein: BC RS vs. Mansfield Charts RS

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:
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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 );
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Edited by charlie_8 - 06 May 2015 at 8:07pm

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.