Connors_RSI - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources

The Connors RSI is an RSI oscillator developed by Larry Connors.

It has six input parameters:

 CRSI = (RSI1+RSI2+RSI3) / 3.0
RSI1 - RSI (apply price, RSI period)
RSI2 - RSI (UpDown, smoothing period)
RSI3 - 100.0 * Count/Percent Rank Period
UpDown - Number of consecutive days with closing prices higher/lower than the previous days:
If the closing price on a certain day is higher than in the past, the previous value is increased by +1,
If the day's closing price is lower than in the past, the previous value is reduced by -1,
otherwise:
If the previous value was positive, the current value is 1,
If the previous value was negative, the current value is -1,
Count - The number of positive two-period RSI increments within the percentile ranking period range
 Attachment download
 📎 connors_rsi.mq5 (19.87 KB)
 Source: MQL5 #22421