In this paper we continue the investigation of the SRCEN estimator of the extreme value index $\gamma$ (or the tail index $\alpha=1/\gamma$) proposed in McElroy and Politis (2007) for $\gamma>1/2$. We
propose a new estimator based on the local maximum. This, in fact, is a modification of the SRCEN
estimator to the case $\gamma>0$.
We establish the consistency and asymptotic normality of the newly proposed estimator for i.i.d. data. Also,
a short discussion on the comparison of the estimators is included.
