ConnorsRSI Pullback System
Author: booter
Creation Date: 1/1/2013 3:55 PM
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Ive read connersRSI strategy and am trying to backtest. can get most of the rule for the strategy but 4 & 5 are kinda tricky

Here are the entry rules for the ConnorsRSI Pullback Strategy:
1. The stock price must be above $5 per share.
2. The stock’s average daily volume over the past 21 days (one trading month) must be at least
250,000 shares per day.
3. The stock’s 10-day Average Directional Index (ADX) is above 30.
4. Today the stock’s lowest price is at least W% (W = 2, 4, 6, or 8) below the previous day’s
5. Today’s close is in the bottom X% (X = 10 or 25) of the day’s range.
6. The ConnorsRSI(3,2,100) value of the stock is below Y, where Y = 5, 6, 7… 15.
7. If the above rules are met today, buy the stock tomorrow on a further intraday limit Z%
below today’s closing price (Z = 4, 6, 8, 10).
8. Exit the position when the stock closes with a ConnorsRSI(3,2,100) value above N (N = 50, 60
70 or 80), exiting at the closing price.
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okay i got 4

5 would be ((H-L)*.1 or .25)+L
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Re: #5. Not quite. Check out the original PDF for the definition of closing range:
Closing Range = (Close – Low) / (High – Low)

Since I have already coded this ConnorsRSI Pullback System (not Conners), I decided to upload it on the website ahead of its time (our Trading System Lab is scheduled to appear in March 2013 issue of ActiveTrader Magazine):

ActiveTrader 2013-03 | ConnorsRSI Pullback system

We recommend downloading it directly using the convenient "Strategy Download" feature (found in Wealth-Lab's "Open Strategy" dialog).

Note! Requires installed Community Indicators library (latest version)
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