From b32cab9b7f245e5f14dee8bc2ae6e92866e5f98f Mon Sep 17 00:00:00 2001 From: moshferatu Date: Wed, 8 Jan 2025 12:58:29 -0800 Subject: [PATCH] Update ConnorsRSI documentation with link to Buy the Fear, Sell the Greed strategy repository --- indicators/connors-rsi/README.md | 4 ++-- 1 file changed, 2 insertions(+), 2 deletions(-) diff --git a/indicators/connors-rsi/README.md b/indicators/connors-rsi/README.md index 7215519..3320b7a 100644 --- a/indicators/connors-rsi/README.md +++ b/indicators/connors-rsi/README.md @@ -6,7 +6,7 @@ This is an implementation of the ConnorsRSI indicator developed by Larry Connors. -It was based on a description of the indicator in his book *Buy the Fear, Sell the Greed*. +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: @@ -16,7 +16,7 @@ ConnorsRSI(3, 2, 100) = (RSI(Close, 3) + RSI(Streak, 2) + PercentRank(Close, 100 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 on that. +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.