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Published:

2018.09.22 14:29

Laguerre RSI with Laguerre filter extended.mq5 (18.77 KB) view

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Description :

The Laguerre RSI indicator is a highly advanced version of the standard RSI indicator. The Laguerre RSI indicator was created by John Ehlers and introduced in his book Cybernetic Analysis for Stocks and Futures.

This version :

This version is additionally using Laguerre filter (also created by John Ehlers) for signal line and additional Laguerre RSI smoothing. Following coloring modes can be chosen :

change colors on no trade zones crossing
change colors on outer levels crossing
change colors on Laguerre RSI slope
change colors on signal line crossing

Usage :

Depending on your trading style, chose the appropriate color change mode and then color change can be used as signal

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Laguerre RSi with Laguerre filter - extended - indicator for MetaTrader 5