Mansfield Relative Strength

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    Darren
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    • Replies: 880
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    The Mansfield Relative Strength indicator comes from Stan Weinstein’s book ‘Secrets For Profiting in Bull and Bear Markets.’ It takes the relative price of a stock against a benchmark, and compares it to the 200 day moving average.

    Here’s the formula in Optuma using the RIC() function, which can be used in a Show View and saved as an indicator:

    Here’s the Mansfield RS displayed at the bottom of the chart of $XLE, showing green when the relative price is above its 200MA and red when below:

    MansfieldRS

    Scans / tests could be set up for when the indicator crosses above or below zero by changing the last line of the script as follows:

    The signals can then be placed on a chart using the formula in a Show Bar:

    MansfieldRS Cross

    Clients can save and open the attached workbook in their copy of Optuma for examples.

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