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Tahnk you Dimitris. After reviewing the info this is what I understand:
Put the following formula into Automatic Analysis:
s1=IIf(RSI()>=0 AND RSI()<=100,RSI(),0);
s2=IIf(StochD()>=0 AND StochD()<=100,StochD(),0);
AddToComposite(s1,"~SUMRSI","C");
AddToComposite(1,"~COUNT","V");
AddToComposite(s2,"~SUMSTOCHD","C");
Buy=0;
Then run the scan on a database. Then copy the following formula into
Indicator Builder:
MeanRSI = Foreign("~SUMRSI","C") / Foreign("~COUNT","V");
Plot(MeanRSI,"MeanRSI",colorBlue,styleLine);
Is this correct?
My other question is you run the scan on what data base. Is it Nasdaq,
DOW30, S&P500 or your whole data base?
Alan
--- In amibroker@xxxxxxxxxxxxxxx, "DIMITRIS TSOKAKIS <TSOKAKIS@xxxx>"
<TSOKAKIS@xxxx> wrote:
> 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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