|
PureBytes Links
Trading Reference Links
|
Of course we do not know the future and especially the way that the
future will come. RSI and MeanRSI have a lot to do with this "way".
The only tool is the experience from the past behavior and the hope
of a repetition of a similar behavior. This is fundamental, when you
use trading systems. if you do not trust the repetitive "cycles" of
the market, then you should not use any "system".
As for the "buy" rule: Some systems respond better with a falling
cross, some other with an ascending cross.
I have seen them both and I can not separate them.
It depends upon the system.
Give me some time to finalise System 1112 and the rest and I will
revert with more details.
I enjoy the interesting and creative dialogue.
DT
--- In amibroker@xxxx, "Ken Close" <closeks@xxxx> wrote:
> DT: I always enjoy your posts--so practical and common sense.
>
> Of course we both have seen oscillators move along the bottom as
prices
> continue to drop. After further 10% drops, the oscillator still
kisses the
> near bottom. Now I have little experience with your MeanRSI
indicator and as
> it has turned up around 36 then perhaps it will not slink along 36
but will
> either go further down or as you say shoot upwards.
>
> Another way to use the MeanRSI indicator is to buy when it crosses
some
> level from below:
>
> Buy = Cross(MeanRsI,37); // or 38 or 39.
>
> Ken
>
>
>
> -----Original Message-----
> From: dtsokakis [mailto:TSOKAKIS@x...]
> Sent: Wednesday, May 01, 2002 10:12 AM
> To: amibroker@xxxx
> Subject: [amibroker] Re: Fw: The past and the future of the MeanRSI
>
>
> Ken,
> What are you waitng from an oscillator. To stay at 37 for the next
10
> years ?
> The oscillator oscillates and if it is down it will go up.
> The interesting detail is about the turning time.
> Frankly speaking I pay respect to 36 for the MeanRSI of ^NDX.
> The narrow band [36,38] is anyway profitable.
> The probable dead-cat-bounce will bring the MeanRSI below 36 and I
> will be more than happy, because the next uptrend will be more
> sustainable. As we move lower and lower, it is not so easy to keep
on
> shorting. This is the reason why you do not see values falling at 15
> or 10 or 0. The fear of quick Cover is always essential in a bearish
> market. It is not an easy sport as some people say. If you do not
> close your short positions, you may easily loose the, so sweet,
short
> profits.
> A more conservative strategy is to split shares. A part for 38,
> another for 37 and the rest for 36. [below 36 there is nothing
> important with the up to now experience].
> This is a way to materialize optimization.
> As i wrote yesterday, I am not totally convinced that ^NDX have a
> robudst support at the present level. I need more data and I have to
> be patient.
> In the case the market moves quickly to the sky, I will loose the
> oportunity to open the new long 36 positions, but, I will gain the
> wine !!
> It sounds good.
> DT
>
> --- In amibroker@xxxx, "Ken Close" <closeks@xxxx> wrote:
> > DT: some pundits and experts (who are wrong most of the time) say
> that
> > yesterday was simply end-of-month windowdressing and the rally was
> a clear
> > "dead-cat bounce". I tend to agree. If the rally continues for
> some time,
> > at least until the MeanRSI indicator travels to the top of its
> range, then I
> > will be most impressed and will lobby for the rest of the
> membership to ship
> > you a bottle of your favorite (virtual) wine or beer.
> >
> > We will see!!
> >
> > Ken
> > -----Original Message-----
> > From: Dimitris Tsokakis [mailto:TSOKAKIS@x...]
> > Sent: Wednesday, May 01, 2002 5:29 AM
> > To: amibroker@xxxx
> > 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: Dimitris Tsokakis
> > To: amibroker@xxxx
> > 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
> > 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);
> > 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.
> >
> > Yahoo! Groups Sponsor
> > ADVERTISEMENT
> >
> >
> >
> >
> > Your use of Yahoo! Groups is subject to the Yahoo! Terms of
Service.
>
>
>
>
>
> Your use of Yahoo! Groups is subject to
http://docs.yahoo.com/info/terms/
|