Mansfield Relative Strength indicator

7 באוק׳ 2018

Use this indicator to compare how security is performing in compare with preferred index (SPX by default).
> 0 outperforming
< 0 underperforming

Works best for weekly, but can be applied to monthly and daily charts. It will be rather useless to use it in smaller timeframes
Apply it to SPX, industry index, sector index or other security in similar sector

7 בנוב׳ 2018

הערות שחרור

UPDATE 1: Added sector and industry as optional params. Leave them same as index if you don't want to use them