Mansfield RS Indicator

Creator: Stan Weinstein

Stan Weinstein uses the Mansfield RS indicator as another relative strength indicator.

The indicator measures the variation in the 52-week ratio of two stocks.

If the indicator is plotted on a weekly chart, the 52-period can be used. 200-period can be used when it is plotted on a daily chart.

There are three bullish signs on the indicator:

1 – Rising indicator

2 – Above zero line

3 – Above its moving average line

There are three bearish signs:

1 – Falling indicator

2 – Below zero line

3 – Below its moving average line

A rising indicator above 0 and its average line display the numerator’s outperformance. A falling indicator below the 0 line and its average line shows underperformance of the numerator instrument.