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Alan,
I added a comment to the AFL Library for easier reference
http://www.amibroker.com/library/detail.php
See also the recent similar question at
http://groups.yahoo.com/group/amibroker/message/34279
and many messages in the past for this indicator.
For any further questions, just ask again.
Dimitris Tsokakis
--- In amibroker@xxxxxxxxxxxxxxx, "Alan Nouray <alann@xxxx>"
<alann@xxxx> wrote:
> 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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