Weinstein Triple Confirmation

1. The Price & Moving Average -
Weinstein’s "golden rule" is the 30-week Moving Average (MA).

The Logic: Price must break above the resistance of the base and simultaneously be above a 30-week MA that is no longer declining.

Scanner Criteria: * Price > 30-week Simple Moving Average (SMA)

30-week SMA > 30-week SMA [1 bar ago] (Slope is turning up or flat)

Price > 200-day High (To find the breakout from the base)

2. Relative Strength -
This isn't the RSI indicator; it is Mansfield Relative Strength, which compares the stock’s performance to a benchmark (usually the S&P 500).

The Logic: The RS line must move from negative territory (below zero) into positive territory, or show a sharp upward trend as the breakout occurs.

Scanner Criteria:

Ratio (Stock Price / NIFTY Price)

Current Ratio > 52-week Average of Ratio

Alternative: Mansfield RS > 0

3. Volume Confirmation -
The breakout is "fake" without a surge in buying pressure.

The Logic: On the week of the breakout, volume must expand significantly. Weinstein looked for at least a doubling of average volume, or at least a notable "spike" compared to the preceding weeks in the base.