RE: UK Stocks - Watchlist and Discussion
(2016-10-19, 10:38 PM)pcabc Wrote: I prided myself in producing a close approximation to the Mansfield Releative Strength. However, I notice you plot the Relative Strength overlaid with a long term MA of the Releative Strength as your zero line. Also noting that you have discussed this with Stan Weinstein (result!) with the rising 'zero' being a sensible criterion. I'll have to give that a go.
I've found that the additional information provided by the slope of the Relative Performance 52 week MA / "zero line" has really helped me filter out the stocks that are too early to consider even if they are breaking out into early Stage 2A. In my opinion the extra information provided by the slope of the MA makes it more useful than the standard Mansfield RS, as you can see both long and short term relative performance at the same time.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.