Updated Laguerre rsi : laguerre_rsi_v1.01_mtf_nmc.mq4
Originally it was posted here : https://www.mql5.com/en/forum/173022/page3
Why did you use the tma as a smoother in zero line version?
I did it because John Ehlers uses tma very frequently as a filter in his other indicators. This way, with an addition of tma, it is simply a "John Ehlers style" of smoothing applied to it (Ehlers never used sma for filter or smoothing as far as I recall, but right now I am not 100% sure) and that way it is a sort of "all in the family" indicator then
I see also that there are only certain lengths of TMA available for smoothing. Can we gave a version that can use any tma length for smoothing?
I think it would be nice
Here you go guys Any length triangular moving average can be used for smoothing the result (non-repainting triangular moving average) : laguerre_rsi_zero_line_2_nmc.mq4
Thank you mladen
Just to point at one option that that version of laguerre rsi has : smoothing the price instead of value. Upper in the example is when the price is smoothed and lower is when the result is smoothed (both tma period 10)
Does this indicator repaint after the bar has closed? And how do I set up this option in the properties please?