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What is MeanRSI? I could not find it in custom indicators.
Alan
--- In amibroker@xxxxxxxxxxxxxxx, "Dimitris Tsokakis" <TSOKAKIS@xxxx>
wrote:
> 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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