Definitions
In plain terms
It combines directional magnitude, run persistence, and relative return position on a zero-to-100 scale.
Technical
The contract freezes all three periods, Wilder RSI variants, streak equality, return formula, prior-only ranking, ties, component weights, readiness, and positive-close rule.
Scope
Its components share price history and are not statistically independent evidence.
Formula
Connors RSI = (Price RSI + Streak RSI + Percent Rank) / 3CRSI_t=\frac{RSI_p(C)_t+RSI_s(Streak)_t+Rank_N(ROC_1)_t}{3}| Symbol | Meaning | Unit |
|---|---|---|
Price RSI | short-period RSI of close | percent |
Streak RSI | RSI of signed streak | percent |
Percent Rank | rank of current one-period return | percent |
Output unit: percent
Examples
- A governed lesson calculates or identifies Connors RSI only after its inputs, window, state, scale, and edge cases are declared.
Common misconceptions
- Its components share price history and are not statistically independent evidence.
Concept relationships
Where this concept is used
Evidence and governance
- Connors Relative Strength Index Implementation QuantConnect Lean · first party technical publication
Supports: preferred label, short definition, technical definition, formula
Limits: The moving branch can change; exact parity requires a pinned revision and an explicit tie and ranking-window contract.
- Reviewed by
- fintech-builder-batch-008
- Last reviewed
- 2026-07-29
- Next review
- 2027-07-29
- Record status
- published