Connors RSI

Connors RSI

Created by Larry Connors, this indicator is a composite of three separate components. Two of the three components utilize the Relative Strength Index (RSI) calculations developed by Welles Wilder in the 1970’s, and the third component ranks the most recent price change on a scale of 0 to 100.

Indicator Description

The Connors RSI is a momentum oscillator with three components: The RSI, UpDown Length and Rate-of-Change. The output value between 0 and 100 identifies short-term overbought and oversold conditions.

The indicator can be used together with other indicators to consider long/short opportunities, for example:

  • Go long when the Connors RSI cross above 30
  • Exit long when the Connors RSI cross below 70
  • Go short when the Connors RSI cross below 70
  • Exit long when the Connors RSI cross above 30

The indicator is available for NinjaTrader 8.