volvlov 32 posts msg #148366  Ignore volvlov 
7/4/2019 1:22:16 AM
On page 108, he defined the relative strength as the ratio of the stock price to that of a market index, and then on page 109 he talked about how this ratio can be negative or positive. This can't be negative the way he defined it. What am I missing?

graftonian 816 posts msg #148371  Ignore graftonian 
7/4/2019 11:38:44 AM
Volvlov, I believe this is a semantical issue. More accurately stated, the comment on pg109 should read "...the slope of the ratio can be negative or positive."
graf

xarlor 118 posts msg #148373  Ignore xarlor modified 
7/4/2019 12:33:22 PM
"talked about how this ratio can be negative or positive. This can't be negative the way he defined it. What am I missing?"
I presume he means anything above 1.0 is positive (outperforming the comparing index) and below 1.0 is negative (underperforming the comparing index).


volvlov 32 posts msg #148378  Ignore volvlov 
7/4/2019 7:58:02 PM
Thanks graft and xar! It appears that everything is here to make a Weinstein filter.

nibor100 403 posts msg #148387  Ignore nibor100 
7/5/2019 3:50:45 PM
I ordered a used copy of the book today to see what everyone is actually talking about.
Thanks,
Ed S.

Mactheriverrat 2,181 posts msg #148392  Ignore Mactheriverrat 
7/5/2019 10:37:04 PM
@nibor100
I think you will like it.

volvlov 32 posts msg #148393  Ignore volvlov 
7/5/2019 10:42:04 PM
I did some digging and apparently, other people have questioned Weinstein's erroneous equation for Relative Strength over the years. As far as I can tell, the equation in the below link is correct. Can someone please tell me how to embed filters? Also, as noted in the code, I believe daily charts need a 200 MA and weekly charts need a 52 MA.
https://www.tradingview.com/chart/LAC/K4K9vEtR200dayMansfieldrelativestrengthindexforstageanalysis/
charttime is 3 months
symlist(gol,htz,x,tsla)
set{ratio, close/ind(^ixic,close)}
/*200 for daily charts52 for weekly*/
set{erat, cema(ratio,200)}
set{quo,ratio/erat}
set{dif,quo  1}
set{MansfieldRS,dif*10}
draw MansfieldRS
add column MansfieldRS
draw MansfieldRS line at 0

Mactheriverrat 2,181 posts msg #148394  Ignore Mactheriverrat 
7/5/2019 10:48:07 PM
An examples page.
Stage Analysis is a strategy for longer term trend trading. It was discussed in detail by Stan Weinstein in the book Secrets for Profiting in Bull and Bear Markets. Stage Analysis uses chart patterns to describe four distinct stages that a particular trade can be in.

Mactheriverrat 2,181 posts msg #148395  Ignore Mactheriverrat 
7/5/2019 11:07:08 PM
Wonder if someone can code the below with a weekly MA52
set{erat, cema(ratio,200)}
set{quo,ratio/erat}
set{dif,quo  1}
set{MansfieldRS,dif*10}
draw MansfieldRS
add column MansfieldRS
draw MansfieldRS line at 0

volvlov 32 posts msg #148396  Ignore volvlov 
7/5/2019 11:14:09 PM
charttime is 15 months
symlist(gol,htz,x,tsla)
set{ratio, close/ind(^ixic,close)}
/*200 for daily charts52 for weekly*/
set{erat, cema(ratio,52)}
set{quo,ratio/erat}
set{dif,quo  1}
set{MansfieldRS,dif*10}
draw MansfieldRS
add column MansfieldRS
draw MansfieldRS line at 0
chartdisplay is weekly
