Laguerre RSI with Laguerre filter – indicator MetaTrader 5

February 27, 2024 by

Laguerre RSI with Laguerre filter…

This version has several deviations in calculations.

It allows to use “speed” for both Laguerre filter and Laguerre RSI
“Speed” can vary from 0 to 6 – the higher the “speed” to “faster” the rsi or the filter are
“no trade zone” added to the usual levels – no trade zone can be used in cases when market is in ranging mode as a warning not to trade

As usual some experimenting with parameters is advised.

Laguerre RSI with Laguerre filter – indicator MetaTrader 5

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Alternative: Stochasic Chaikin's Volatility - indicator MetaTrader 4

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