Mansfield Relative Strength Multi Trend

This indicator is an advanced studie of 'Mansfield Relative Strength Trend' indicator

Since it is too time consuming to constantly change the index, I have developed a multi-index indicator.

The default order of the indexes is:
1. S&P 500
2. Dow Jones Industrial Average
3. Nasdaq Composite
4. NYSE Composite
5. DAX

You can change all indexes in the settings if you want.


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'Stan Weinstein' developed an indicator called Relative Strength which compares the relative strength of a stock with the associated index.

This indicator combines the relative strength with Weinstein's stage analysis.


The indiacator was made for weekly stock charts only!


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

It is recommended to end the trade when the trend changes.
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Please always remember, there is no holy grail indicator!