Connors RSI (CRSI)

Connors RSI (CRSI) is a composite oscillator developed by Larry Connors that combines three components for more accurate identification of overbought and oversold zones. Unlike classic RSI, it reacts to price swings faster and is better suited for intraday trading and short-term swing trades.

Calculation Parameters

Connors RSI is calculated as the average of three components:

• RSI (period 3) — applied over a short period (default: 3). Measures overall price momentum over recent sessions.
• Streak RSI (period 2) — RSI applied to the “streak”: the number of consecutive candles that closed higher (positive) or lower (negative) than the previous one. Evaluates the strength and duration of the current directional move.
• ROC Rank (period 100) — the percentage price change for the current day is compared against all daily changes over the last 100 days. Shows what percentage of those days had a smaller change than today’s.

The default parameters in the Veles platform are 3 / 2 / 100.

You can set custom parameters, for example:

• CRSI 1h < 5 — asset is strongly oversold, high probability of a bounce
• CRSI 1h > 95 — asset is strongly overbought, high probability of a correction

Using in Veles Bots

Without a specified value:

• For a long bot: entry when CRSI < 10, exit when CRSI > 90
• For a short bot: entry when CRSI > 90, exit when CRSI < 10

To change the parameters, click the pencil icon in the indicator settings.

Connors RSI Levels

Standard boundaries:

• Above 90 → asset is overbought (possible correction down, open short)
• Below 10 → asset is oversold (possible correction up, open long)

Note

An asset can remain beyond these levels for an extended period, continuing to rise or fall. It is important to wait for reversal confirmation.

Limitations

• In strong trends, CRSI can stay above 90 or below 10 for a long time without giving a reversal signal.
• Due to the short base period (3), it generates early signals more often than classic RSI(14).
• The default thresholds of 10/90 may not be optimal for every instrument — for highly volatile assets, consider using levels of 5/95.

Summary

Connors RSI is a faster and more sensitive alternative to classic RSI. In Veles bots it is available as a level-based filter with configurable thresholds. It is most effective on short timeframes in short-term strategies; in trending markets it is recommended to use it alongside trend indicators.