Extra indicators

Connors RSI

A short-term oscillator that averages three things: a 3-period RSI, the RSI of the up/down streak and the rank of today's change.

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L’idée en termes simples

For short-term swings, three questions matter: is momentum stretched, how long has the run lasted and how unusual is today's move. Connors RSI averages the three answers on one 0–100 scale.

Mode de calcul

RSI(3) of closes; RSI(2) of the streak (consecutive up or down candles); percent rank of today's return among the last 100. Connors RSI is the average of the three.

CRSI = (RSI(close, 3) + RSI(streak, 2) + PercentRank(return, 100)) ÷ 3

Comment l’utiliser

Below 10: very oversold for short-term bounce trades; above 90: very overbought.

Tirer des conclusions

Built for short holding periods (days), mostly on stocks and indices.

Exemple

US100 daily: CRSI falls to 6 after four down days in a row in an uptrend; the method looks for a bounce.

Les prix des exemples sont donnés à titre d’illustration.

Points de vigilance

Against a strong trend, oversold can become more oversold.

Un peu d’histoire

Developed by Larry Connors and Connors Research (2012).

Contenu éducatif uniquement. Aucun indicateur ni aucune figure ne prédit l’avenir, et rien ici ne constitue un conseil en investissement.