ConnorsRSI

• 07/20/2016 at 3:01 PM #10725
  Henry

  A request that was addressed to ProRealTime:

  I have a function ConnorsRSI and would like to convert to ProRealCode

  Function:
  paramLenRSI = Param(“RSI Closes Length”, 3, 2, 100, 1);
  paramLenUD = Param(“RSI UpClose Length”, 2, 2, 100, 1);
  paramLenRank = Param(“PerecentRank Length”, 100, 10, 200, 1);

  function ConnorsRSI(lenRSI, lenUD, lenROC)
  {
  upDays = BarsSince(C <= Ref(C,-1));
  downDays = BarsSince(C >= Ref(C,-1));
  updownDays = IIf(upDays > 0, upDays, IIf(downDays > 0, -downDays, 0));
  crsi = ( PercentRank(ROC(C,1), lenROC) + RSIa(updownDays,lenUD) +
  RSI(lenRSI))/3;
  return crsi;
  }

  Can you help me?

  Suggestion for an anwser:

  PeriodRSI=3 PeriodUpdownlength=2 PeriodROC=100 Once UpLenght=0 Once DownLenght=0 Once updownDays=0 MyRSI=RSI[PeriodRSI](close) MyROC=ROC[PeriodROC](close) if barindex > 0 then if close > close[1] then upDay=1 downDay=0 elsif close < close[1] then downDay=1 upDay=0 else downDay=0 upDay=0 endif if upDay <> 0 then UpLenght=UpLenght[1] + upDay else UpLenght=0 endif if downDay <> 0 then DownLenght=DownLenght[1] + downDay else DownLenght=0 endif updownDays = UpLenght + DownLenght endif MyRSILenght=RSI[PeriodUpdownlength](updownDays) ConnorsRSI=(MyRSI+MyROC+MyRSILenght )/3 return ConnorsRSI

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  PeriodRSI=3 PeriodUpdownlength=2 PeriodROC=100   Once UpLenght=0 Once DownLenght=0 Once updownDays=0   MyRSI=RSI[PeriodRSI](close) MyROC=ROC[PeriodROC](close)   if barindex > 0 then if close > close[1] then upDay=1 downDay=0 elsif close < close[1] then downDay=1 upDay=0 else downDay=0 upDay=0 endif if upDay <> 0 then UpLenght=UpLenght[1] + upDay else UpLenght=0 endif   if downDay <> 0 then DownLenght=DownLenght[1] + downDay else DownLenght=0 endif updownDays = UpLenght + DownLenght endif   MyRSILenght=RSI[PeriodUpdownlength](updownDays)   ConnorsRSI=(MyRSI+MyROC+MyRSILenght )/3   return ConnorsRSI

   

  

  Henry

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  07/21/2016 at 1:04 PM #10760
  supertiti

  On peut rajouter les lignes de surachat / survente préconisées par Larry Connors de 10/90  en plus des traditionnelles 30/70 pour un RSI.

  

  supertiti

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  05/14/2018 at 1:16 PM #70352
  Louis Winthorp III

  Hi, see below an update to the ConnersRSI version. The MyROC calculation above misses a component. Looking at several sources, the ROC of the current bar needs to be compared to each ROC of each bar in x-period (100 for connors).

  Conners RSI

  PeriodRSI = 3 PeriodStreak = 2 PeriodROC = 100 Once DownBar=0 Once UpBar=0 Once UpDownBars=0 //Part 1 : Calculate RSI MyRSI=RSI[PeriodRSI](close) //Part 2 : Determine Streak Values and calculate a RSI over it if barindex > 0 then if close > close[1] then UpBar=UpBar+1 DownBar=0 elsif close < close[1] then DownBar=DownBar-1 UpBar=0 else DownBar=0 UpBar=0 endif UpDownBars = UpBar + DownBar endif MyRSILenght=RSI[PeriodStreak](UpDownBars) //Part 3 : Determine PercentRank by comparing current percentage change to 100(PeriodROC) earlier 1-candle percentage changes TodayROC = ROC[1](close) EventTeller = 0 for i=0 to (PeriodROC-1) do Earlier1DayROC = ROC[1](close[1+i]) if Earlier1DayROC < TodayROC THEN //Count how many times an earlier 1 candle ROC was smaller then today's EventTeller = EventTeller + 1 endif next PercentRank = (EventTeller / PeriodROC) * 100 //Part 4 : Calculate ConnersRSI ConnorsRSI=(MyRSI+MyRSILenght+PercentRank )/3 return ConnorsRSI as "RSIConnors"

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  PeriodRSI = 3 PeriodStreak = 2 PeriodROC = 100   Once DownBar=0 Once UpBar=0 Once UpDownBars=0   //Part 1 : Calculate RSI MyRSI=RSI[PeriodRSI](close) //Part 2 : Determine Streak Values and calculate a RSI over it if barindex > 0 then if close > close[1] then UpBar=UpBar+1 DownBar=0 elsif close < close[1] then DownBar=DownBar-1 UpBar=0 else DownBar=0 UpBar=0 endif UpDownBars = UpBar + DownBar endif MyRSILenght=RSI[PeriodStreak](UpDownBars)   //Part 3 : Determine PercentRank by comparing current percentage change to 100(PeriodROC) earlier 1-candle percentage changes TodayROC = ROC[1](close)   EventTeller = 0 for i=0 to (PeriodROC-1) do Earlier1DayROC = ROC[1](close[1+i]) if Earlier1DayROC < TodayROC THEN //Count how many times an earlier 1 candle ROC was smaller then today's EventTeller = EventTeller + 1 endif next   PercentRank = (EventTeller / PeriodROC) * 100   //Part 4 : Calculate ConnersRSI ConnorsRSI=(MyRSI+MyRSILenght+PercentRank )/3 return ConnorsRSI as "RSIConnors"

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  Louis Winthorp III

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