#twitter-follow { border: 0;position: fixed; top: 240px; left:0;} #live-support { border: 0;position: fixed; top: 370px; left:0;} #knowledge-base { border: 0;position: fixed; top: 170px; left:0;}

## Connors RSI

by clonex, 4059 days ago

What is the ConnorsRSI?

It consists of three components:
a. Short term Relative Strength, i.e., RSI(3).
b. Counting consecutive up and down days (streaks) and "normalizing" the data using RSI(streak,2). The result is a bounded, 0-100 indicator.
c. Magnitude of the move (percentage-wise) in relation to previous moves. This is measured using the percentRank() function.

The formula given is:
ConnorsRSI(3,2,100) = [ RSI(Close,3) + RSI(Streak,2) + PercentRank(percentMove,100) ] / 3

Bottom line: Connors/Alvarez have used similar indicators in the past. What is happening here is that they are creating a more robust indicator by averaging the three. They are "normalizing" the three indicators (rsi, consecutive moves and magnitude of move) to a 0-100 range and then averaging.

Connors/Alvarez propose a strategy that uses the Connors RSI coupled with other rules and filters on large section of U.S. Stocks.

Good work related to CRSI: http://sanzprophet.blogspot.com/2012/12/connors-rsi-part-1.html

What is this?

 Type: Trading Indicator Object ID: 1279 Country: All Market: All Style: Technical Analysis

 Related objects Empty
Number of reviews
Average rate
Click to rate this item
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object

 Random Blog Posts Using Average True Range to Measure Intraday Volatility How to Backtest Your Trading System for Each Industry Create Profitable Trading Strategies with Exchange Traded Funds (ETFs) 3 Market Indicators based on Fundamental Data How to Send Commands to QuantShare from Excel or Other Applications How to make sure your Historical Price Data is Split Adjusted How to Select the Best Market Indicator for your Trading System 4 Market Composite Indicators Based on Industry Data Show All

Number of reviews
Average rate
Click to rate this item
Number of rates the current object received
Report an object
if you can't run it for example or if it contains errors
Click to report this object