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The comment is at
http://www.amibroker.com/library/detail.php?id=173
DT
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS <TSOKAKIS@xxxx>"
<TSOKAKIS@xxxx> wrote:
> 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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