ConnorsRSI Bot

A swing trading strategy inspired by the ConnorsRSI indicator by Larry Connors.

Rules

For a long trade:

The closing price must be > the long term trend as measured by a simple moving average with a default period of 200 days.
The ConnorsRSI indicator (default parameters) must have a reading of < 15 (default value).
If both of the above conditions are met, the trade is entered.
The trade is exited when the close is > the short term trend which is measured by a simple moving average with a default period of 5 days.

For short trades, the conditions are inverted.

RSI Period: The RSI period used in the ConnorsRSI calculation. (Default value: 3)

RSI Smoothing: The RSI smoothing period used in the ConnorsRSI calculation. (Default value: 1)

Streak RSI Period: The RSI period used in the ConnorsRSI daily up / down streak calculation. (Default value: 2)

Streak RSI Smoothing: The RSI smoothing period used in the ConnorsRSI daily up / down streak calculation. (Default value: 1)

Percent Rank Period: The percent rank period used in the ConnorsRSI price magnitude calculation. (Default value: 100)

Long Term Trend Period: The simple moving average period used to determine the long term trend. (Default value: 200)

Short Term Trend Period: The simple moving average period used to determine the short term trend. (Default value: 5)