[blackcat] L3 RS MSFIELD CN A Share

Level: 3

Background
As requested by my friend, this is a China A share version of RS MSFIELD.
When a wave of market conditions in the China A Share market comes, how do you choose which China A Share target to operate?

Function
The function of this indicator is to compare the strength of a single target with the strength of the China A Share market. For any China A Share, if its strength is lower than the rise of the China A Share index, then this target is a manifestation of weakness, and you can short it at this time. On the contrary, if a single target rises higher than the China A Share index, then it may be the leader of this wave of market. Therefore, in a bull market, those indicators that are stronger than the China A Share market should be our long-term targets; in a bear market, Those indicators that are weaker than the China A Share market are all short-selling targets that we should pay attention to.

Its specific use method is as follows:
1. If the market is in the recovery period at the end of the bear market, the indicator can approach 0 from below 0. Its direction is continuously upward, which means that the target is in a rebound market and can be long. If the rising market continues and can maintain a strong market for a long time, the indicator must be in a strong area above the 0 axis. In the same way, the bear market adopts a strategy below the 0 axis.
2. If you want to achieve a stable transaction, the buying point for long positions must be above the 0 axis, and the selling point for short positions must be below the 0 axis.
3. If the retracement falls below the zero axis in the bull market, it means that it is not a market relay, but a market reversal.
4. This indicator does not provide specific buying and selling points, but can only provide a reference relative to the China A Share market. The specific buying and selling points and trends still need to be realized in conjunction with other technical indicators.

I distinguish the trend strength by color, which can be interpreted corresponding to RSI 0-100:
1. Deep Bear 0-20, blue
2. Bearish 20-40, green
3. Shock market 40-60, yellow
5. Bullish 60-80, red
6. Deep Bull Market 80-100, Fuchsia

Remarks
This indicator ONLY works for China A share which contains local market index info. It cannot work for other trading pairs.
This indicator DOES NOT provide long/short entry points. You need combine other indicators to trade.
Feedbacks are appreciated.