RE: How to create the Mansfield Relative Performance Indicator
(2013-05-27, 06:16 PM)isatrader Wrote: One of the core components of Stan Weinstein's method is the use of Relative Performance compared to an index such as the S&P 500, to a sector or to another stock. Which was referred to in his book as Relative Strength.
Weinstein defines it as the following on page 18 of the book:
Below is a weekly chart of Apple (AAPL) showing the two versions of the Relative Performance Indicator versus the S&P 500 Index.
On stockcharts how did you create the Mansfield looking RSI with the 0 line? I have never been able to figure that out. Thanks.