Asymmetrical RSI is an indicator that computes a custom relative strength index from the rate of change of a user-selected source. It plots the resulting ARSI line in a separate pane with color coding that turns green above the overbought level and red below t
Indicator · Pine Script v4 · Own pane
Mansfield Relative Strength
Mansfield Relative Strength indicator computes relative strength by dividing the current close price by a daily index value selected from Nasdaq Composite, NYSE Composite, ARCA Composite, or Coinbase BTCUSD based on the symbol prefix.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code18
Settings0inputs
LicenceAGPL-3.0
Last update5 years ago12 Feb 2021
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
18 lines of Pine Script v4 from mansfield.pine, published under AGPL-3.0. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Mansfield Relative Strength", overlay=false)
zeroline = plot(0, color=#FFFFFF)
target_period = timeframe.period
index =
(syminfo.prefix == "NASDAQ") ? security("NASDAQ:IXIC", "D", close) :
(syminfo.prefix == "NYSE") ? security("NYSE:NYA", "D", close) :
(syminfo.prefix == "AMEX") ? security("NYSE:XMI", "D", close) :
(syminfo.prefix == "BITSTAMP") ? security("BITSTAMP:BTCUSD", "D", close) :
(syminfo.prefix == "BITTREX") ? security("COINBASE:BTCUSD", "D", close) :
(syminfo.prefix == "BINANCE") ? security("COINBASE:BTCUSD", "D", close) :
(syminfo.prefix == "KRAKEN") ? security("COINBASE:BTCUSD", "D", close) :
(syminfo.prefix == "BITFINEX") ? security("COINBASE:BTCUSD", "D", close) :
(syminfo.prefix == "COINBASE") ? security("COINBASE:BTCUSD", "D", close) : na
rsd = (close / index) * 100
rsm = (rsd/sma(rsd, 50) - 1) * 100
plot(rsm)
// plot(hline(0))
Overview
Mansfield Relative Strength calculates the percentage deviation of relative strength from its 50-period simple moving average. The resulting value is plotted in a separate pane on the chart. The script adapts to stocks or crypto markets through index selection and supports any time frame via daily data comparison.
- relative strength
- Mansfield chart
- 50 SMA
- index comparison
- separate pane
Details
Published by
rosskevin on GitHub
Type
Indicator, Pine Script v4
Draws
Separate pane below the chart
Category
Oscillators & momentum
Markets
Stocks, Crypto
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
File
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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