[badcharts]

Hi Guys!

I stumbled on this Mansfield RSI on tradingview.com. It's all good, as long as I stick to that platform. The code is protected.

What I find cool about it, it coded some of the stuff you two are talking about.

Extract from https://www.tradingview.com/v/H6bYp0Zb/ 

"...
BUY & HOLD Conditions (green): 
1. Mansfield Relative Strength is above the zero line 
2. Price is above the Simple Moving Average (30) 
3. Simple Moving Average (30) is rising 

SELL & HOLD Conditions (red): 
1. Mansfield Relative Strength is below the zero line 
2. Price is below the Simple Moving Average (30) 
3. Simple Moving Average (30) is falling 
..."

I would love to have a crack at the code, then start an additonal "dark green" overlay starting when all these additonal conditions are met:
1. Candle close above Ichimoku resistance cloud (for that Stan criteria, no close overhead resistance)
2. First green volume candle with 2x average previous 4 weeks.

Inverse that for a "dark red" overlay when:
1. Candle close below Ichimoku support cloud 
2. Do not need volume confirmation for breakdown Stage 4.

That would bring us one step closer to having a strategy/indicator to play out Stan's framework. Note: there is a"pine" script editor on Tradingview, and I Googled some conversion tools to bring those to amibroker.. maybe more tools out there...

Let me know what you think!

Regards,

Patrick

thanks Patrick, yes I noticed the indicator on those colourful charts of yours!. I also liked the easy to see mansfield along with the slope
I would like to do the same with prorealtime/amibroker. I have the basics of the stages, so it shouldn't be too difficult in theory
how do you incorporate the cloud into your analysis however?
do you say a stage 4 is below the cloud, stage 2 above ie is that a condition for entry? I know ISA "lovingly" uses the ichi cloud 

Yo!

When doing some Stan, I used to identify close overhead resitance the "classic" way, drawing a trendline from previous highs.. (I still do that with my monthly chart trading framework).

Enter Ichimoku! (grabbed the cloud idea from Isa...)

The fun part of the cloud, it is mechanical, so I can't "cheat" and "ignore" resistance because I really want in that stock my father in law keeps raving about (and probably easier to program)!

I think the Stage can "pre-break" before the ichimoku cloud.. but the entry , with increased probabilities of not whipsawing back below breakline.. 

Here is my compiled checklist to have the A++ setups (should we be able to code that in an indicator/strategy... ohhhh)

Stan's original triple confirmation
1-  2x vol previous 4-5 weeks (for breakdowns, look from crescendo red volume candles)
2-  break above horizontal breakout line, above rising 30 SMA
3-  Mansfeild increasing, above zero line

More of Stan's comments to improve setup
4- No close overhead resistance (insert Ichimoku here)
5- Harmony of trend on higher time frame (apply Stan or any other framework to confirm this)
6- Harmony (forest to trees) with index > sector > industry > stock 

I think these criterias from Stan were dervide from his observations from what composed the Stages... program these in an indicator/strategy  and the Stage will appear!

Regards,

Patrick