StockFetcher Forums · General Discussion · ConnorsRSI indicator for thinkorswim charts<< >>Post Follow-up
ZeroSum
33 posts
msg #110063
Ignore ZeroSum
1/10/2013 11:36:08 PM

ConnorsRSI indicator for TOS charts:

http://tinyurl.com/9whxo9o

Has anyone done any analysis that says this is better than good old RSI(2)?

gmg733
586 posts
msg #110068
Ignore gmg733
1/11/2013 8:05:51 AM

I have not used this indicator. But I use the three day summed RSI2 he spoke about in his book for swing trades and it is in my opinion is a great indicator.

This indicator should fold nicely into my swing trading, so ill give it a look.

mktmole
325 posts
msg #110088
Ignore mktmole
1/11/2013 11:47:34 AM

...you can get current ConnorsRSI values by entering a ticker symbol on the free Analytics page on the Trading Markets web site: http://analytics.tradingmarkets.com/.

vinci
13 posts
msg #110111
Ignore vinci
1/12/2013 1:52:35 AM

TradingMarkets is giving away the ConnorsRSI Indicator for free for ThinkorSwim, Tradestation and AmiBroker.
Email them at: info@tradingmarkets.com.
Here's email I got from them

Now You Can Chart ConnorsRSI
in Your Own Trading Software

Dear Vinci,

We are pleased to report that ConnorsRSI is quickly gaining popularity with active traders. Now you can chart based on ConnorsRSI directly in your own preferred trading software package. Simply download the code in the links below and input them into your software.

TradeStation: Please click here to download your free ConnorsRSI Add-on Module for TradeStation.

AmiBroker: Please click here to download your free ConnorsRSI Add-on Module for AmiBroker.

Thinkorswim: Please click here to download your free ConnorsRSI instructions for Thinkorswim.

The list of trading software packages and brokers using ConnorsRSI is growing steadily. If you do not see your preferred utility in the list above, or if you have any questions, please call us directly at 1-888-484-8220 ext. 3, 9am-5pm ET, M-F, (or 973-494-7311 outside the U.S.)

Sincerely,

The Connors Group

stratiG
147 posts
msg #110253
Ignore stratiG
1/16/2013 10:50:34 AM

Ninjatrader code can be found here:

http://www.bigmiketrading.com/elite-circle/25094-connors-rsi-new-indicator-strategy.html

dougn
8 posts
msg #125450
Ignore dougn
10/7/2015 9:31:53 AM

This code is out there for the Connors RSI (thinkorswim) but when I install it the final line is error. The recoding will not adjust it.

This is what is coming up red as error...
# The final ConnorsRSI calculation, combining the three components
plot ConnorsRSI = (priceRSI + streakRSI + pctRank)



Does anyone know the fix or can provide a workable code for Thinkorswim Connors RSI?

Thank you,
Doug

# ConnorsRSI Indicator
declare lower;
input Price_RSI_Period = 3;
input Streak_RSI_Period = 2;
input Rank_Lookback = 100;
# Component 1: the RSI of closing price
def priceRSI = RSIWilder("price" = close, "length" = Price_RSI_Period);
# Component 2: the RSI of the streak
def upDay = if Close > Close[1] then 1 else 0;
def downDay = if Close < Close[1] then -1 else 0;
def upStreak = if upDay != 0 then upStreak[1] + upDay else 0;
def downStreak = if downDay != 0 then downStreak[1] + downDay else 0;
def streak = upStreak + downStreak;
def streakRSI = RSIWilder("price" = streak, "length" = Streak_RSI_Period);
# Component 3: The percent rank of the current return
def ROC1 = Close/Close[1] - 1;
def rank = fold i = 1 to Rank_Lookback+1 with r = 0 do
r + (getValue(ROC1,i,Rank_Lookback) < ROC1) ;
def pctRank = (rank / Rank_Lookback) * 100 ;
# The final ConnorsRSI calculation, combining the three components
plot ConnorsRSI = (priceRSI + streakRSI + pctRank)

kstnr
1 posts
msg #127920
Ignore kstnr
4/10/2016 1:53:16 AM

If you're still looking for a fix for this code for TOS add a semi-colon ; after the last line

StockFetcher Forums · General Discussion · ConnorsRSI indicator for thinkorswim charts<< >>Post Follow-up

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