samtsui

Connors RSI Test

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Re Fade2Black request:

The indicator needs to use Connors RSI on candle stick charts.

It basically needs to give an alert if the candle stick closes even or up but the Conors RSI closes down more than 3 points.

Here's a pic showing..

http://tinypic.com/r/2j62z5v/9

And on the flip side I also need it to give an alert if the candle closes even or down but the conors rsi close up more than 3 points.

Like this..

http://tinypic.com/r/imjod4/9

I hope I've explained myself well. Let me know how much you'd charge for this.

Thanks
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//--study(title="Connors RSI")
study("Connors RSI Test", shorttitle = "CRSI Test", overlay=false)

//--------------- input parameters

src = input(defval=close, type=source, title="Source")
lenrsi = input(3, minval=1, type=integer, title="RSI Length")
lenupdown = input(2, minval=1, type=integer, title="UpDown Length")
lenroc = input(100, minval=1, type=integer, title="ROC Length")

//--------------- define function

updown(s) => 
    isEqual = s == s[1]
    isGrowing = s > s[1]
    ud = isEqual ? 0 : isGrowing ? (nz(ud[1]) <= 0 ? 1 : nz(ud[1])+1) : (nz(ud[1]) >= 0 ? -1 : nz(ud[1])-1)
    ud

//--------------- calculate RSIs

rsi = rsi(src, lenrsi)
updownrsi = rsi(updown(src), lenupdown)
percentrank = percentrank(roc(src, 1), lenroc)
crsi = avg(rsi, updownrsi, percentrank)

//--------------- calculate signal

sig1 = (close >= open) and (crsi < (crsi[1] - 3)) ? 1 : na
sig2 = (close <= open) and (crsi > (crsi[1] + 3)) ? 1 : na


//-------------- plotting
plot(crsi, color=blue, linewidth=1, title="Connors RSI")
band1 = hline(70, color=gray, linestyle=dashed)
band2 = hline(30, color=gray, linestyle=dashed)
fill(band1, band2)

plotshape(sig1, style=shape.labeldown, size=size.tiny, location=location.top, color=red)
plotshape(sig2, style=shape.labelup, size=size.tiny, location=location.bottom, color=blue)
//--END
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