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Dimitris,
it appears to me a little confusing that you plot the MSFT chart together
with MeanRSI. Would it not be more meaningful to plot NDX chart together with
MeanRSI instead? Any individual stock may not react exactly the same way.
MeanRSI is a good indicator, but it is also important to note that one
should in addition check the individual stock chart whether it behaves properly
in line with MeanRSI.
Al
<BLOCKQUOTE
>
----- Original Message -----
<DIV
>From:
Dimitris
Tsokakis
To: <A title=amibroker@xxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Wednesday, May 01, 2002 11:28
AM
Subject: [amibroker] Fw: The past and the
future of the MeanRSI
Once again, the reaction occurred in the narrow band
[36,38].
the last values of the MeanRSI were
41.08
36.94
36.79
41.22
The Market repeats its past
behavior.
DT
----- Original Message -----
From: <A
title=tsokakis@xxxx href="">Dimitris
Tsokakis
To: <A title=amibroker@xxxxxxxxxxxxxxx
href="">amibroker@xxxxxxxxxxxxxxx
Sent: Sunday, April 28, 2002 2:21 PM
Subject: The past and the future of the MeanRSI
For a group of n stocks,the
MeanRSI is
<FONT color=#0000ff
size=2>MeanRSI=(RSI1+RSI2+...+RSIn)/n.
With the help of Addtocomposite()
function it is easily calculated from the scan
R=IIf(RSI()>=0 AND
RSI()<=100,RSI(),0);
<FONT color=#0000ff
size=2>AddToComposite(R,"~SUMRSI","C");
<FONT color=#0000ff
size=2>AddToComposite(1,"~COUNT","V");
Buy=0;
as the quantity
<FONT color=#0000ff
size=2>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 majorityof 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.Your
use of Yahoo! Groups is subject to the <A
href="">Yahoo! Terms of Service.
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