Connors RSI is an RSI oscillator by Larry Connors.

It has six input parameters:

  • RSI period - calculation period

  • Pulse RCI period - impulse RSI period

  • Percent rank period - range of calculating the change rate in %

  • Applied price

  • Overbought - overbought level

  • Oversold - oversold level

Calculation:

CRSI = (RSI1+RSI2+RSI3) / 3.0

where:

RSI1 - RSI(Applied price,RSI period)
RSI2 - RSI(UpDown,Smoothing period)
RSI3 - 100.0 * Count / Percent rank period
UpDown - number of consecutive days closed above/below previous days:
If a day is closed above the past, a previous value is increased by +1,
If a day is closed below the past, a previous value is decreased by -1,
Otherwise:
if the previous value is positive, the current value is 1,
if the previous value is negative, the current value is -1,
Count - number of positive increments of a two-period RSI within the Percent rank period range