RE: Beginners Questions
(2018-04-25, 12:51 PM)arkyuan Wrote: Hi isatrader,
thanks for the note, now it makes clear to me. but I originally got the question when I do my Mansfield relative strength. It mentioned that on a weekly chart it's 52 weeks and on a daily chart is 200 days. 52 weeks isn't 260 days? consider 1 week is 5 days? like 30 weeks MA shouldn't it be 150 days? but I see most MA on daily stock charts are 50,100,200 days.
Thanks,
Yes they are different values on the example, as the daily is set to be a bit quicker. The weekly is the only one you need though, and the 52 weeks is based on my experience with it and info from elsewhere about how it was created, like the chartmill article that states that Stan used the 52 for it here: https://www.chartmill.com/documentation....398&o=2956
You can of course use whatever values you choose yourself. I've seen people on other sites use the 40 week, which is an approximation of the 200 day. But I've used the 52 week to create the Mansfield RS on every of the 20,000+ charts on here, and it works very well at identifying the correct transition zone to Stage 2 and limits false breakouts.
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.