Connors RSI 0
Posted on 23, January 2014
in Category SID
Description for ConnorsRSI SID 727
The Connors RSI takes 3 parameters; a RSI value, Up Down Length, and the Rate of Change. These values are usually defaulted to 3,2,100.
The logic for this technical analysis indicator:
#Connors RSI (CRSI) created by Larry Connors. #Dependencies: RSId Indicator, PercentRank Indicator. Both of which can be fetched from the Seer Trading website. #The Connors RSI takes 3 parameters; a RSI value, Up Down Length, and the Rate of Change. These values are usually defaulted to 3,2,100. #The default period for the RSI value is 3. #The Up Down Length represents the amount of consecutive days whereby the price has closed either above or below the previous closing price. The default days is 2. #The default Rate of Change value is 100 days. my ($lenRSI, $lenUD, $lenROC) = @_; my $upDays = BarsSince(Close <= Ref(Close,-1)); my $downDays = BarsSince(Close >= Ref(Close,-1)); my $updownDays = If($upDays > 0, $upDays, If($downDays > 0, -$downDays, 0)); my $crsi = (PercentRank(ROC(Close,1), $lenROC) + RSId($updownDays,$lenUD) + RSI($lenRSI))/3; return($crsi);