Connors RSI

Indicators · Momentum

Larry Connors's 3-signal composite RSI oscillator.

Connors RSI is Larry Connors's souped-up RSI, built specifically for short-term mean-reversion. A plain RSI only measures one thing; Connors RSI fuses three short-term signals into a single 0–100 composite — recent momentum, how persistent the current up/down streak is, and how unusual today's move is versus history. The result is a far more sensitive overbought/oversold gauge that's tuned to spot snap-back opportunities in just a few bars.

How it works

The block averages three components. First, a fast RSI of the close over the RSI period (default 3). Second, an RSI of the streak — it counts how many bars price has risen or fallen in a row and takes an RSI of that streak length over the Streak RSI period (default 2), capturing momentum persistence. Third, the percent-rank of the latest one-bar return over the Rank period (default 100) — where today's move ranks against the last 100 returns, capturing how extreme it is. The three are averaged into the CRSI line (0–100) in a sub-pane.

When to use it

Connors RSI is a short-term mean-reversion specialist. Connors's own systems fade extreme readings — buying when CRSI drops very low (often below 10–15) and exiting quickly on a bounce — typically over a 1–5 bar horizon. Because it's so sensitive, its extremes are rarer and more meaningful than a normal RSI's, which is the point. It is not a trend or position-trading tool; it's for quick reversals, usually with tight, time-based or level-based exits.

Example

Connors RSI on EURUSD · H1

A short-term fade: wire bars into Connors RSI and fire when CRSI drops below a low threshold via a Less Than into a Buy Signal, ideally only in a market that isn't strongly trending down (ADX / DMI gate). Use a quick Reward-to-Risk Target or time-based exit, since the edge is short-lived. Backtest in the Tester.

Tips & gotchas

• Three signals in one. Momentum + streak persistence + return rank — far richer than plain RSI.
• Extremes are lower/higher than RSI's. Don't reuse 30/70; Connors-style systems often fade below ~10 / above ~90.
• Short horizon only. It's a 1–5 bar mean-reversion tool; exits should be quick.
• Mean-reversion ≠ trend. Fading a strong trend with it will hurt — filter the regime.

Related blocks

• RSI
• Stochastic RSI
• Williams %R
• RSI Divergence

Inputs

Socket	Type	What to wire in
Bars	bars	OHLC bars (close required)

Outputs

Output	Type	Plots as	Description
CRSI	series	Line · sub-pane	Connors RSI composite (0..100)

Parameters

Parameter	Type	Default	What it does
RSI period	number · 2–100	3	Window for RSI(close)
Streak RSI period	number · 2–100	2	Window for RSI(streak)
Rank period	number · 10–500	100	Lookback for the percent-rank of 1-bar return
Line color	colour	#ec407a

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Reference auto-generated from the block catalog · category Indicators.