Mansfield RS

Hello,

I hope you like this representation of the Mansfield Relative Strength Indicator.

The calculations have been made based on the following formulas:

Standard Relative Performance indicator

RP = ( stock_close / index_close ) * 100

Mansfield Relative Performance indicator

MRP = (( RP (today) / sma ( RP (today), n)) - 1 ) * 100

Where:
RP = Standard Relative Performance indicator (see above)
SMA = Simple moving average over n days.
n = 52 for weekly charts, and n = 200 on daily charts

Thanks,

Nota Keluaran

update for diferent timeframes

Nota Keluaran

Multiplier modification (x100 -> x10)

Skrip sumber terbuka

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franmor01981

Penafian

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Skrip sumber terbuka

For quick access on a chart, add this script to your favorites — learn more here.

franmor01981