ninjatrader/indicators/connors-rsi/README.md

# ConnorsRSI Indicator

This is an implementation of the ConnorsRSI indicator developed by Larry Connors.

It is based on a description of the indicator in his book [*Buy the Fear, Sell the Greed*](https://moshferatu.dev/moshferatu/buy-the-fear-sell-the-greed) (2018).

The formula given in the book is as follows:

```
ConnorsRSI(3, 2, 100) = (RSI(Close, 3) + RSI(Streak, 2) + PercentRank(Close, 100)) / 3
```

The first component is a standard RSI calculation on the Close price.

The Streak "price" is measured in terms of how many bars in a row the closing price has increased / decreased, and the second RSI component is calculated from that.

Any time the price goes from decreasing to increasing (or vice versa), the streak is set to 1 (or -1) and then incremented (or decremented) from there.

If there is no change in price, the streak is set to 0.

The third and final component is a [percent rank](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/indicators/percent-rank) computed on the Close price.

## Parameters

**RSI Period**: The period used in the first component RSI calculation. (Default: 3)

**Streak RSI Period**: The period used in the second component RSI calculation. (Default 2)

**Percent Rank Period**: The period over which to rank prices in the percent rank calculation. (Default: 100)

## Plots

**ConnorsRSI**: The calculated ConnorsRSI values. (Default: Yellow 3px Line)

**Upper Level**: The upper level displayed in the indicator. (Default: Red 3px Line @ 75.0)

**Lower Level**: The lower level displayed in the indicator. (Default: Lime Green 3px Line @ 25.0)

## Screenshots

![ConnorsRSI](https://static.moshington.com/images/indicators/connors-rsi/connors-rsi.png)

## Strategies

The [ConnorsRSI Bot](https://moshferatu.dev/moshferatu/ninjatrader/src/branch/main/strategies/connors-rsi) utilizes this indicator to enter swing trades.

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