Mansfield Strength For ThinkOrSwim

[drasp]

Hi guys,

I'm looking to add a moving average to the Mansfield relative strength indicator:
http://tos.mx/gFXXs0G

I'm aware that the zero line acts like a 200 period moving average cross. But I'm trying to add an additional 20 period moving average that is not the zero line but a trailing line like a moving average does with price.

Can anybody help?

add a 20 period moving average to the indicator
Thanks

declare lower;

input Correlation_with_Security = "EDOW";
input length = 200;
input Period = AggregationPeriod.DAY;
input averagetype = AverageType.simple;

def price = close;
def RSD = close/(close(correlation_with_security));
def RSDavg = MovingAverage(averagetype, RSD, length);

plot RSM = (( RSD / RSDavg) - 1 ) * 100;
plot zeroline = 0;

zeroline.SetDefaultColor(GetColor(2));

 

[texasmgax]

Hello,

Im currently using the "standard" Mansfield RS indicator that has a Flat Zero Line. Im trying to use the 52wk MA as the zero line. Ive seen the code for it for Stockcharts, but dont know how to write it for TOS. Below is current code...

Thank YOu

Current TOS Code:
declare lower;

input CorrelationWithSecurity = "SPX";
def SPXclose = close(CorrelationWithSecurity);
def R52 = close/SPXclose;


def RS_today = close / SPXclose;
def BSAverage = (sum(r52, 52)/52);
Plot RS2 = ((R52/BSAverage)-1)*10;
plot zeroline = 0; Trying to get this to be the 52week moving average

RS2.SetDefaultColor(GetColor(6));plot Data = close;

Thank you

 

[MerryDay]

Hello,

Im currently using the "standard" Mansfield RS indicator that has a Flat Zero Line. Im trying to use the 52wk MA as the zero line. Ive seen the code for it for Stockcharts, but dont know how to write it for TOS. Below is current code...

Thank YOu

Current TOS Code:
declare lower;

input CorrelationWithSecurity = "SPX";
def SPXclose = close(CorrelationWithSecurity);
def R52 = close/SPXclose;


def RS_today = close / SPXclose;
def BSAverage = (sum(r52, 52)/52);
Plot RS2 = ((R52/BSAverage)-1)*10;
plot zeroline = 0; Trying to get this to be the 52week moving average

RS2.SetDefaultColor(GetColor(6));plot Data = close;

Thank you

See if you can make this work for you:
https://usethinkscript.com/threads/mansfield-strength-for-thinkorswim.9600/#post-91147

 

[MerryDay]

Hi guys,

I'm looking to add a moving average to the Mansfield relative strength indicator:
http://tos.mx/gFXXs0G

input Correlation_with_Security = "EDOW";
input length = 20;
input averagetype = AverageType.simple;

def price = close;
def RSD = close/(close(correlation_with_security));
def RSDavg = MovingAverage(averagetype, RSD, length);
# ########################################################
# Charting & Fomatting
declare lower;
declare real_size ;

plot pIndicator = RSD;
     pIndicator.SetLineWeight(3);
     pIndicator.AssignValueColor(
  if pIndicator > pIndicator[1] then color.green else color.red);

plot pIndicator_ma = RSDavg ;
     pIndicator_ma.SetLineWeight(3);
     pIndicator_ma.SetDefaultColor(color.violet);
     pIndicator_ma.SetPaintingStrategy(PaintingStrategy.DASHES);

AddCloud(pIndicator, pIndicator_ma, color.green, color.red);

 

[Emt]

I would like to create a script to compare taking into account the MRS
between stocks in the same sector in order to know the relative position of a stock compared to its peers in the sector.

Percentile % = (k/n) * 100

K: value position
n : total values of the list (sector, subsector, industry, etc)

I mean what is the position that NFLX occupies in XLF from 0 to 100% according to its MRS . Thanks

I want to send an image but this message appears: Image cannot be loaded from the passed link.
I found a script on amibroker, I want to send a photo but I can't

 

[drasp]

I would like to create a script to compare taking into account the MRS
between stocks in the same sector in order to know the relative position of a stock compared to its peers in the sector.

Percentile % = (k/n) * 100

K: value position
n : total values of the list (sector, subsector, industry, etc)

this can be done with the indicator provided. You just change the ticker.
SO if you're trading NFLX, you can change the ticker to XLK on the MRS. Just play with it

 

[MerryDay]

I want to send an image but this message appears: Image cannot be loaded from the passed link.
I found a script on amibroker, I want to send a photo but I can't

Unfortunately, as a free forum, we don't have the capacity to store images and must use the IMGUR image sharing.
https://usethinkscript.com/threads/how-to-insert-image-in-a-post-thread.277/

It is not possible to provide a script unless these variables can be mathematically defined within the ToS platform
K: value position
n : total values of the list (sector, subsector, industry, etc)

What is value, what is total value???
the Mansfield Strength of the security as a percentage of the Mansfield Strength of the sector?
If that is what you are looking for then follow @drasp instructions.

Otherwise, I believe the reason that the definition of the variables are so difficult for you to quantify is because the information is not available to us through the ToS data stream. ToS does not provide any information as to the position that NFLX occupies in XLF nor total values of the list (sector, subsector, industry, etc)