Support Board
Date/Time: Mon, 25 Nov 2024 07:23:48 +0000
How can I add Connors RSI indicator on Sierra Chart?
View Count: 1761
| [2022-04-01 15:12:59] |
| felixcorrales - Posts: 6 |
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How can I add Connors RSI indicator on Sierra Chart? connorsresearch.com |
| [2022-04-04 00:16:32] |
| Tonkadad - Posts: 235 |
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I don't see a Connor RSI option in the studies window. There are 3 RSI versions they do have, if you have a chart that you can compare it to you might be able to get close by adjusting parameters of the available RSI's. Since the Connors RSI is an overbought/oversold indicator you should also look at Stochastics and see if you can adjust parameters to get close to what you want. |
| [2022-04-07 06:45:05] |
| SC Support Tom - Posts: 450 |
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I can add a native version of the Connors RSI to Sierra Chart. I will start working on it today.
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| [2022-04-11 11:08:37] |
| SC Support Tom - Posts: 450 |
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This is done. The RSI - Connors study will be available in the next release.
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| [2022-04-11 14:44:43] |
| felixcorrales - Posts: 6 |
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Today I have updated to version 2383, and I have tried the RSI - Connors study, but it does not work properly, the scale continues to expand infinitely, please review.
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| [2022-04-11 23:56:47] |
| SC Support Tom - Posts: 450 |
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WRT Post #5: Please post a screenshot of the issue that you are observing. Date Time Of Last Edit: 2022-04-11 23:57:43
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| [2022-04-12 02:04:01] |
| felixcorrales - Posts: 6 |
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https://www.sierrachart.com/image.php?Image=1649728848496.png https://www.sierrachart.com/image.php?Image=1649729018991.png |
| [2022-04-12 07:48:56] |
| SC Support Tom - Posts: 450 |
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WRT Post #7: I will try to reproduce the error, and then get back to you. I will have to confer with Sierra Chart Engineering, as I cannot account for the expanding vertical scale. Date Time Of Last Edit: 2022-04-12 10:43:30
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| [2022-04-13 05:00:52] |
| SC Support Tom - Posts: 450 |
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I have reproduced the problem, which only occurs in the last bar in the chart. I have made a slight modification, and the range has been holding steady for the last 5 hours. I will let it run overnight, and if all is well then I will commit the modification for release. Sorry for the inconvenience.
Date Time Of Last Edit: 2022-04-13 05:02:04
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| [2022-04-13 11:25:38] |
| SC Support Tom - Posts: 450 |
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WRT Post #9: I will let it run overnight, and if all is well then I will commit the modification for release. All is well, and the correction will appear in the next release. |
| [2024-03-29 12:19:11] |
| felixcorrales - Posts: 6 |
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Can you please help me add the following Connors RSI indicator, since the one you added to Sierra Chart cannot configure all the Connors RSI parameters, the following is the correct formula (Amibroker Program), however you have to transform it to the Sierra Chart programming language: //Connor's RSI (Larry Connors). Code for function provided by Connors Research paramLenRSI = Param("RSI Closes Length", 3, 2, 100, 1); paramLenUD = Param("RSI UpClose Length", 2, 2, 100, 1); paramLenRank = Param("PerecentRank Length", 100, 10, 200, 1); function ConnorsRSI(lenRSI, lenUD, lenROC) { upDays = BarsSince(C <= Ref(C,-1)); downDays = BarsSince(C >= Ref(C,-1)); updownDays = IIf(upDays > 0, upDays, IIf(downDays > 0, -downDays, 0)); crsi = ( PercentRank(ROC(C,1), lenROC) + RSIa(updownDays,lenUD) + RSI(lenRSI))/3; return crsi; } Plot( ConnorsRSI(paramLenRSI,paramLenUD,paramLenRank) , "ConnorsRSI("+paramLenRSI+","+paramLenUD+","+paramLenRank+")" , colorYellow, styleLine, 0, 100); /* Connors RSI is a composite indicator consisting of the mathematical summation of 3 components: 1. Price Momentum: By default, ConnorsRSI uses a standard 3 period Wilder RSI for the 1st component. 2. Duration of Up Trend vs. Down Trend "Streak" days: Connors research shows that the longer the number of consecutive days up OR down, the more likely the security is likely to bounce when it reverts to the mean. Likewise, the *magnitude* of the mean reversion snap-back is correlated with the streak length. The 2nd indicator uses integer values to quantify the number of streak days, AND applies a default 2 Day Wilder RSI to this integer series. 3. Relative Magnitude of Price Change: This 3rd component uses the PercentRank function over a default value of 100 days (approx. 5 months) to measure price change as a percentage of the previous Day's price, AND rank the current value over the lookback period. Large positive returns will have a rank closer to 100, large negative returns will have a percent rank closer to 0. The final oscillator takes this form (default values): ConnorsRSI(3,2,100) = [RSI(Close,3) + RSI(Streak,2) + PercentRank(100)] / 3 Connor's Research purports this robust indicator is more effective than any of the three components use individually, AND in fact the blended effect of the mathematical summation allows the strong value from one indicator to compensate for a slightly weaker value from another, in a way yielding superior results than a voting system between the 3. /* Date Time Of Last Edit: 2024-03-29 12:23:45
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| [2024-03-29 14:28:34] |
| John - SC Support - Posts: 36238 |
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This has been set as a Feature Request. We can not say when we would get to any particular request.
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