OPEN-SOURCE SCRIPT
Relative Strength (Mansfield RS)
Updated
This version of the Mansfield Relative Strength Indicator uses the unflattened version of the indicator recommended on the Stage Analysis website, as the slope angle of "Zero Line" (52 week MA of the stock / S&P 500) gives additional useful information that can't be seen on the traditional flattened version of the Mansfield Relative Strength Indicator.
Release Notes
Added an input so that the symbol used can be changed in the settings from the default S&P 500 symbolRelease Notes
Upgraded to PineScript v5 and multiplied by 100 to correct the data point.Release Notes
Added: overlay=falseRelease Notes
New titleRelease Notes
Changed: Added the ability to change the index or stock to be compared agains and the length of the MARelease Notes
Changed: MA length input name updatedOpen-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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