13 Connors RSI

It uses three components; The RSI, UpDown Length, and Rate-of-Change to form a momentum oscillator. Connors RSI outputs a value between 0 and 100, which is then used to identify short-term overbought and oversold conditions. THe equation is:

Figure 8.21: Connors RSI

It signals bull trends when turning up from low values.

Figure 8.22: Connors RSI

It signals bear trends when turning down from high values.

Figure 8.23: Connors RSI