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Alan,
I run composite formulas for N100.
If I try S&P or DJ, I will run a separate formula.
Any result from Mean Indicators is based on the directionality of the
specific market : If the high volume/popular N100 stocks go higher,
then the majority will follow and the whole market will go higher,
even if it is not fair for some stocks. Each market has a special
profile. You may use different symbols, like MeanRSIN100, MeanRSIS&P
for different scans.
DT
--- In amibroker@xxxxxxxxxxxxxxx, "Alan Nouray <alann@xxxx>"
<alann@xxxx> wrote:
> 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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