Please use the form above to download your copy of the ConnorsRSIcode for Amibroker, thinkorswim and TradeStation. We hope you will find ConnorsRSI to be helpful in your ongoing efforts to improve your own trading results.
Connors Research has been developing and publishing quantified trading strategies since the mid-1990s. During that time we have also had the opportunity to evaluate a great number of different technical indicators and to assess their effectiveness in predicting future price action.
The 2-period RSI is used by thousands of traders around the world. In fact, it’s considered by many to be the single best indicator for Swing Traders. Over the past decade professional equity, ETF, and options traders have learned to rely upon the 2-period RSI as their main indicator before they make a trade.
Now we’ve taken the next step and created an indicator of our own. We call it: ConnorsRSI.
ConnorsRSI is a composite indicator consisting of three 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.
Taken together, these three factors form a momentum oscillator, i.e. an indicator that fluctuates between 0 and 100 to indicate the level to which a security is overbought (high values) or oversold (low values).
Please use this form to download your copy of the ConnorsRSI code for Amibroker, thinkorswim and TradeStation. We hope you will findConnorsRSI to be helpful in your ongoing efforts to improve your own trading results.