CONNORS RSI Trading Guide

The Connors RSI (CRSI) is a quantitative technical analysis tool. Connors RSI (CRSI) Concept: Developed by Larry Connors and Connors Research.

What does the indicator show?

• Market Structure & Momentum: Visualizes prevailing trend directions and key reversal zones.
• BUY / SELL Signals: Highlights confirmed entry and exit opportunities based on quantitative rules.
• Dynamic Boundaries: Provides adaptive levels for managing trade risk and reward expectations.

Key Settings

• RSI Length (rsiLen): Controls the calculation period and sensitivity for market detection.
• Streak RSI Length (streakLen): Controls the calculation period and sensitivity for market detection.
• Percent Rank Lookback (rankLen): Controls the calculation period and sensitivity for market detection.
• Smoothing Period (smoothLen): Controls the calculation period and sensitivity for market detection.
• CRSI Line (crsi): Controls the calculation period and sensitivity for market detection.
• Smooth Line (smooth): Controls the calculation period and sensitivity for market detection.
• RSI (Price) (rsi): Controls the calculation period and sensitivity for market detection.
• RSI (Streak) (streakRsi): Controls the calculation period and sensitivity for market detection.
• Percent Rank (percentRank): Controls the calculation period and sensitivity for market detection.
• Buy Signal Dot (buySignal): Controls the calculation period and sensitivity for market detection.
• Sell Signal Dot (sellSignal): Controls the calculation period and sensitivity for market detection.
• CRSI Line (Blue) (crsi): Controls the calculation period and sensitivity for market detection.
• Smooth Line (Orange) (smooth): Controls the calculation period and sensitivity for market detection.
• Overbought Level (Red) (overbought): Controls the calculation period and sensitivity for market detection.
• Oversold Level (Green) (oversold): Controls the calculation period and sensitivity for market detection.
• Buy Signal Dot (Green) (buySignal): Controls the calculation period and sensitivity for market detection.
• Sell Signal Dot (Red) (sellSignal): Controls the calculation period and sensitivity for market detection.
• Level Lines (Gray) (level): Controls the calculation period and sensitivity for market detection.
• CRSI Line (crsi): Controls the calculation period and sensitivity for market detection.
• Smooth CRSI Line (smooth): Controls the calculation period and sensitivity for market detection.
• Price RSI Component (rsi): Controls the calculation period and sensitivity for market detection.
• Streak RSI Component (streakRsi): Controls the calculation period and sensitivity for market detection.
• Percent Rank Component (percentRank): Controls the calculation period and sensitivity for market detection.
• Signal (-1 / 0 / 1) (signal): Controls the calculation period and sensitivity for market detection.
• Buy Signal (Dot == 1) (buySignal): Controls the calculation period and sensitivity for market detection.
• Sell Signal (Dot == 1) (sellSignal): Controls the calculation period and sensitivity for market detection.

How to use Strategy Parameters (Condition Source)

Within the Strategy Tester module, this indicator can be used both as a direct signal source and as a market-state filter.

1. Signal Events

• signal - Signal (-1 / 0 / 1) event signal.
• buySignal - Buy Signal (Dot == 1) event signal.
• sellSignal - Sell Signal (Dot == 1) event signal.

2. Filters and Trade Levels

• rsiLen - RSI Length value used for structural qualification or thresholds.
• streakLen - Streak RSI Length value used for structural qualification or thresholds.
• rankLen - Percent Rank Lookback value used for structural qualification or thresholds.
• smoothLen - Smoothing Period value used for structural qualification or thresholds.
• crsi - CRSI Line value used for structural qualification or thresholds.
• smooth - Smooth Line value used for structural qualification or thresholds.
• rsi - RSI (Price) value used for structural qualification or thresholds.
• streakRsi - RSI (Streak) value used for structural qualification or thresholds.
• percentRank - Percent Rank value used for structural qualification or thresholds.
• buySignal - Buy Signal Dot value used for structural qualification or thresholds.
• sellSignal - Sell Signal Dot value used for structural qualification or thresholds.
• crsi - CRSI Line value used for structural qualification or thresholds.
• smooth - Smooth CRSI Line value used for structural qualification or thresholds.
• rsi - Price RSI Component value used for structural qualification or thresholds.
• streakRsi - Streak RSI Component value used for structural qualification or thresholds.
• percentRank - Percent Rank Component value used for structural qualification or thresholds.

Strategy Example: Enter Long when buySignal is true and trendFilter == 1, ensuring trades align with dominant momentum.