Create Stan Weinstein 30 week moving average scan?

[alokranjan3]

@BenTen
Can you, please, help with the following indicator?

Stan Weinstein's MOMENTUM INDEX
Stan Weinstein also uses a 200-day moving average of the daily AD figures, which he calls his Momentum Index (MI).

• The most important MI signal is crossing the zero line – a move up is bullish, and a move down is bearish.
• The longer the line has been on the other side of zero, the stronger is the crossing signal.

 

[Ramesh16]

Here it is! https://tos.mx/iuJHz2Y

How it can be used? @Ramesh16

Thank you so much!

 

[hello_muru]

I started using the TI65_count and Mansfield_count, thank you for putting it together alokranjan, is there some explanation, I would appreciate some description about both counts.

 

[alokranjan3]

Here is a good resource on TI65

 

[hello_muru]

Thank you for the quick response, for the Mansfield_count should the last line read as follows
plot Mansfield_count= barUpCount ;
instead of
plot TI65_count= barUpCount ;

From reading thru the code basically we are counting the number of days RS is moving up is Mansfield_count, please correct if thats not right.