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Update ConnorsRSI documentation with link to Buy the Fear, Sell the Greed strategy repository

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moshferatu 2025-01-08 12:58:29 -08:00
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indicators/connors-rsi/README.md
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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.