Stan Weinstein's Relative Strength

[eric120smile]

In the Secrets For Profiting In Bull And Bear Markets that Stan Weinstein wrote,
it told about the Relative Strength=(price of XYZ/average price of Market).
Someone said it was wrong,could somebody explain the right formula to me,please?
😕

 

[Predicabo]

Weinstein's stuff is based on simple moving averages. 30 week and 200 day from memory. The beta you are looking for is not against 'the average price of the market', but against a specifically selected basket of assets against which the correlation is made. The selection being tuned to the target asset.

 

[eric120smile]

Thanks for your explaination.
Whereas what formula can we calculate RS line?

 

[eric120smile]

I've realized the Relative Strength!!
Thank you~:cheesy:

 

[isatrader]

There's a whole 100+ page Stan Weinstein thread in the same section of this forum that has an explanation of how to create the Mansfield Relative Strength in numerous posts. It will take some effort to go through and find, as it's a big thread, but here's the link: http://www.trade2win.com/boards/technical-analysis/134944-stan-weinsteins-stage-analysis.html