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Trend filter. In short, the RSIFilter fails on strong fluctuations, but handles the trend good enough, but if it get improved a bit, it could be able to give clear answers.
This is an advanced version of RSI. Laguerre converts the signals, so that low-frequency components lag much more that the high-frequency ones.
It is calculated as the difference between two simple moving averages: SMA(5) and SMA(34). Type of the chart: histogram with green and red colored bars.
Graphs correlation between percent change of the price signal, and the price signal, to determine high probability of current price signal direction.
A modified version of the FlatTrend indicator, shows the beginning and the end of a flat.