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B.
Another useful N100 trend detector is the
MeanRSI.
It speaks for 6 main trades the last 3 years, with many N100
stocks following the 6tr/6win/0los model.
Its horizontal levels give good approximation to the
[unrealistic] zig(MeanRSI,20).
It was useful with the previous N100 synthesis, now is less
agressive but it still oscillates nicely.
We wait it to fall again below 42 to prepare the next bullish
movement.
The future of this indicator depends on the directionality of
the market and the trading interest for N100.
It is obvious that the Short intervals have the greater part
of the trading bars.
The bullish movements were quick and unsuccessful [till
now]
The message is double : If you are aligned to what the MeanRSI
dictates, you should wait more to enjoy the Short profits [1]
and you should act without delay when a Long trade
begins.
It gives also good partial Short movements, if you believe it
will go down to 42 again.
It will be continued with
C.
Dimitris Tsokakis
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