Dear friends, forex main indicators ki calculations aur values ki base par trading strategy bnai jati hay, in ka use trading main boht importance rakhta hay, in main sa aik Connors RSI (CRSI) bhi hota hay jo basically aik momentum indicator he hay, is kay three components hain, jin say mil kar ye working karta hay, in components main further three indicators bhi hain, first Relative Strength Index (RSI), Second Up down Length and Third Rate of Change (ROC) jo combine ho kay working karty hain,
Characteristics and formula used for CRSI:
Connors RSI kay liye hamain step wise calculation karni hoti hay, CRSI ki output values 0 sa 100 kay between hoti hain, jisko short term overbought aur oversold conditions ko janchnay kay liay use kia jata hay, is ki calculation kay liay pehlay three period RSI find kartay hain, us kay baad up/down lengths ko find kia jata hay jo pair ki consective close aur open prices sa hasil hotay hain, positive numbers upward closing values kay liay use hotay hain aur negative numbers downward closing values kay liay, jab pair ki same price hoti hay to up/down length zero hoti hay, last step main rate of change find kia jata hay, is tarah CRSI ka ye formula hota hay
CRSI = RSI (3 periods) + RSI (up / down length 2 periods) + ROC (100) / 3
Drawbacks of CRSI:
CRSI kay two main drawbacks bhi hain,
1. First yeh keh aksar yeh overbought and oversold areas show karta rehta hay woh bhi tab jab market trending main hoti hay. Is tarah baz dafa iska signal fake ban jata hay.
2. Second drawback yeh hay keh jab ham iska 90 say above overbought ka wait karain aur 10 say below per oversold ka wait karain to in areas say market Threshold main bhi chali jati hay. Jis say hamain reversal main trading ka chance nhi milta
Trading techniques using Connors RSI:
CRSI main trading strategy bnanay kay liay hmain traditional RSI sa guidance milti hay, overbought aur oversold parameters ko extreme value tak extend kia jata hay, jis ka matlab ye hota hay kay indicator RSI ki nisbat km signal send karta hay, is main traders stoploss move karnay main kafi aggressive approach rakhtay hain aur fairly tight stop loss place kartay hain, jo historical support aur resistance levels par depend karta hay
Characteristics and formula used for CRSI:
Connors RSI kay liye hamain step wise calculation karni hoti hay, CRSI ki output values 0 sa 100 kay between hoti hain, jisko short term overbought aur oversold conditions ko janchnay kay liay use kia jata hay, is ki calculation kay liay pehlay three period RSI find kartay hain, us kay baad up/down lengths ko find kia jata hay jo pair ki consective close aur open prices sa hasil hotay hain, positive numbers upward closing values kay liay use hotay hain aur negative numbers downward closing values kay liay, jab pair ki same price hoti hay to up/down length zero hoti hay, last step main rate of change find kia jata hay, is tarah CRSI ka ye formula hota hay
CRSI = RSI (3 periods) + RSI (up / down length 2 periods) + ROC (100) / 3
Drawbacks of CRSI:
CRSI kay two main drawbacks bhi hain,
1. First yeh keh aksar yeh overbought and oversold areas show karta rehta hay woh bhi tab jab market trending main hoti hay. Is tarah baz dafa iska signal fake ban jata hay.
2. Second drawback yeh hay keh jab ham iska 90 say above overbought ka wait karain aur 10 say below per oversold ka wait karain to in areas say market Threshold main bhi chali jati hay. Jis say hamain reversal main trading ka chance nhi milta
Trading techniques using Connors RSI:
CRSI main trading strategy bnanay kay liay hmain traditional RSI sa guidance milti hay, overbought aur oversold parameters ko extreme value tak extend kia jata hay, jis ka matlab ye hota hay kay indicator RSI ki nisbat km signal send karta hay, is main traders stoploss move karnay main kafi aggressive approach rakhtay hain aur fairly tight stop loss place kartay hain, jo historical support aur resistance levels par depend karta hay