How to Setup the Mansfield Relative Strength (RS) Indicator on Tradingview
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- Опубликовано: 23 сен 2024
- A brief 6 minute video explaining the different ways that you can setup the Mansfield Relative Strength (Mansfield RS) indicator, which is available to use for free on Tradingview: www.tradingvie...
You can customise the indicator to be used however you choose:
▪️ Original style (Oscillator)
▪️ Background Color Bands
▪️ Unflattened style (Moving Average)
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Thank you for your constant effort and guidance.
Thanks
Thank You!!
Thanks for putting the video together. On the indicator it has 52 as the MA period but should this be 30? as 30 is the MA Stan refers to in the book
The Mansfield RS uses the 52 week MA to create what is known as the zero line - which is the flattened version of the 52 week MA of the stocks divided by the S&P 500. The 30 week MA that you mention is for the price action chart, not the Mansfield Relative Strength line.
@@StageAnalysis Thank you for explaining
@@StageAnalysis Do we set the Mansfield RS MA to 200 for the daily charts?
@@Feldspar__ There are 252 days in a typical trading year, and so that is the closest match to 52 weeks.
Can you please explain
What will be the matrix for daily weekly and monthly chart in RS?
Where can I see the Mansfield chart that Stan Weinstein uses?
I'm from Korea.
The Mansfield charts services doesn't exist anyone, which is the reason for creating this indicator, which has the same settings.
Thanks all ok now
Is it possible to use Mansfield RS for screening in Tradingview?
No, but you will be able to do that on the Stage Analysis website in the next few months.
will you please explain me if you know how to calculate the RS?
it will be ok for standard or mansfield RS.
www.stageanalysis.net/blog/4266/how-to-create-the-mansfield-relative-performance-indicator
Thank you. Thoughts on pins, Nio and LMND you think they have based and about to go stage 2??
They are developing in different phases of Stage 1. But Stage 1 doesn't automatically mean that they will reach Stage 2, as market conditions remain volatile, and they have very different technical attributes, such as a large amount of overhead resistance following long and deep Stage 4 declines in a few of those. So add to your watchlists to monitor them and set alerts at key levels. But keep looking for other developing Stage 1 bases and focus on finding those with the strongest characteristics in the price and volume and other measures that the method looks for, such as the Mansfield RS score, which the indicator measures, as if this is below the zero line on the weekly chart then the stock would be an avoid until it starts outperforming above it. So measure the weekly Mansfield RS scores on the stocks you mentioned and compare against competitors etc.
@@StageAnalysis thank you so much
Can I get Mansfield rsi on a free version
Should you compare everything with the s&p or switch for specific sectors?
The S&P 500 is the universal measure to compare against, as works across assets classes also. But you can change for secondary RS readings to measure vs Sector, Group and competitor stocks, or if something like crypto, then you could measure against Bitcoin for example as well.
@@StageAnalysis great thanks, appreciate the swift reply
Whats the difference to a standard RS line?
Mansfield RS is a comparison to an index (default is the S&P 500) with a 52 week MA. So the stock divided by the S&P 500, and then flattened relative to the 52 week MA to create the oscillator style. Here's an article explaining how it's calculated: www.stageanalysis.net/blog/4266/how-to-create-the-mansfield-relative-performance-indicator
@@StageAnalysis thanks!
I dont have the original style box. what to do???
Are you using the right version of the indicator as there are two. This is the one from this video: www.tradingview.com/script/NzUBDDtb-Mansfield-Relative-Strength-Original-Version-by-stageanalysis/
Two MA plots input