PROTECTED SOURCE SCRIPT
Mansfield Relative Strength Multi Trend
This indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the settings if you want.
*********************************
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
*********************************
Please always remember, there is no holy grail indicator!
Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.
The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX
You can change all indexes in the settings if you want.
*********************************
'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.
This indicator combines the relative strength with Weinstein's stage analysis.
The indiacator was made for weekly stock charts only!
BUY & HOLD Conditions (green):
1. Mansfield Relative Strength is above the zero line
2. Price is above the Simple Moving Average (30)
3. Simple Moving Average (30) is rising
SELL & HOLD Conditions (red):
1. Mansfield Relative Strength is below the zero line
2. Price is below the Simple Moving Average (30)
3. Simple Moving Average (30) is falling
It is recommended to end the trade when the trend changes.
*********************************
Please always remember, there is no holy grail indicator!
Geschütztes Skript
Dieses Skript wird als Closed-Source veröffentlicht und Sie können es frei verwenden. Sie können es favorisieren, um es auf dem Chart zu verwenden. Sie können den Quellcode nicht einsehen oder verändern.
Möchten Sie dieses Skript auf einem Chart verwenden?
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.