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Cumulative RSI
Source: https://fxcodebase.com/code/viewtopic.php?f=38&t=61694
Forum: 38 · Topic 61694 · 3 post(s)
Cumulative RSI
Alexander.Gettinger · Fri Jan 09, 2015 4:16 pm
Original LUA oscillator: viewtopic.php?f=17&t=1340.
The cumulative RSI is intended to be used in cumulative RSI strategy described in Chapter 9 of Trading Strategies That Work by Larry Connors and Cesar Alvarez.
The formula is pretty simple: CumulativeRSI = SUM(RSI(N), X)
The book recommends to use the small numbers for N and X, such as 2.
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Re: Cumulative RSI
balibakbar · Thu Aug 06, 2015 6:17 pm
This doesn’t seem to be Connor’s RSI..
Connor’s RSI consists of three components: a. Short term Relative Strength, i.e., RSI(3). b. Counting consecutive up and down days (streaks) and “normalizing” the data using RSI(streak,2). The result is a bounded, 0-100 indicator. c. Magnitude of the move (percentage-wise) in relation to previous moves. This is measured using the percentRank() function.
The formula given is: ConnorsRSI(3,2,100) = [ RSI(Close,3) + RSI(Streak,2) + PercentRank(percentMove,100) ] / 3
Is it possible to code this in Lua?
Re: Cumulative RSI
Apprentice · Tue Aug 11, 2015 3:41 am
Try this version. viewtopic.php?f=17&t=62518