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,

Versionshinweise:

update for diferent timeframes

Versionshinweise:

Multiplier modification (x100 -> x10)