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R=IIf(RSI()>=0 AND RSI()<=100,RSI(),0);
AddToComposite(R,"~SUMRSI","C");
AddToComposite(1,"~COUNT","V");
Buy=0;
as the quantity
MeanRSI=Foreign("~SUMRSI","C")/Foreign("~COUNT","V");
which may be plotted or used in AA systems.
For ^NDX group, the graph of the MeanRSI since early 2000 is in the att. gif.
For the lower band [36,38] and upper line [60], the MeanRSI gives huge profits for the
whole Market and the majority of the 101 stocks.
My [reasonable] question is about the future of the MeanRSI.
Will it oscillates in this zone ? Will it be more flat in the future and oscillate for a long time, say, in the
more narrow [40,55] band ?[this means that the ^NDX market will change its "style" and behave more
like S&P or other cool indexes].
This is the main question about the UNKNOWN future of ^NDX market.
Any bright idea ?
Dimitris Tsokakis
PS. Profits for [36,38]/60 band exceed +1000% for the whole market for the last 2 years.
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<DIV><STRONG><FONT color=#0000ff size=2>For a group of n stocks, the
MeanRSI is</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff
size=2>MeanRSI=(RSI1+RSI2+...+RSIn)/n.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>With the help of Addtocomposite()
function it is easily calculated from the scan</FONT></STRONG></DIV>
<DIV><FONT size=2></FONT> </DIV>
<DIV><STRONG><FONT color=#0000ff size=2>R=IIf(RSI()>=0 AND
RSI()<=100,RSI(),0);</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff
size=2>AddToComposite(R,"~SUMRSI","C");</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff
size=2>AddToComposite(1,"~COUNT","V");</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>Buy=0;</FONT></STRONG></DIV>
<DIV> </DIV>
<DIV><STRONG><FONT color=#0000ff size=2>as the quantity</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff
size=2>MeanRSI=Foreign("~SUMRSI","C")/Foreign("~COUNT","V");</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>which may be plotted or used inAA
systems.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>For ^NDX group, the graph of the MeanRSI
since early 2000 is in the att. gif.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>For the lower band [36,38] and upper
line [60], the MeanRSI gives huge profits for the </FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>whole Market and the majority of the 101
stocks.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>My [reasonable] question is about the
future of the MeanRSI.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>Will it oscillates in this zone? Will
it be more flat in the future and oscillate for a long time, say, in
the</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>more narrow [40,55] band ?[thismeans
that the ^NDX market will change its "style" and behave more
</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>like S&P or other cool
indexes].</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>This is the main question aboutthe
UNKNOWN future of ^NDX market.</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>Any bright idea ?</FONT></STRONG></DIV>
<DIV><STRONG><FONT color=#0000ff size=2>Dimitris Tsokakis</FONT></STRONG></DIV>
<DIV><FONT color=#0000ff size=2><STRONG>PS. Profits for [36,38]/60 bandexceed
+1000% for the whole market for the last 2
years.</STRONG></FONT></DIV></BODY></HTML>
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