StockFetcher Forums · General Discussion · Stan Weinstein's Secrets For Profiting in Bull and Bear Markets<< 1 2 3 4 5 ... 10 >>Post Follow-up
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
810 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
74 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).

Fetcher[
symlist(SPY,AMZN,DAL)
add column Relative Strength(^SPX,150)
]



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
369 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
2,115 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/K4K9vEtR-200-day-Mansfield-relative-strength-index-for-stage-analysis/

chart-time is 3 months
symlist(gol,htz,x,tsla)
set{ratio, close/ind(^ixic,close)}
/*200 for daily charts-52 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
2,115 posts
msg #148394
Ignore Mactheriverrat
7/5/2019 10:48:07 PM

An examples page.

Stage Analysis

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
2,115 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

chart-time is 15 months
symlist(gol,htz,x,tsla)
set{ratio, close/ind(^ixic,close)}
/*200 for daily charts-52 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
chart-display is weekly

StockFetcher Forums · General Discussion · Stan Weinstein's Secrets For Profiting in Bull and Bear Markets<< 1 2 3 4 5 ... 10 >>Post Follow-up

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