Laguerre RSI is based on John EHLERS' Laguerre Filter to avoid the noise of RSI.
Change alpha coefficient to increase/decrease lag and smoothness.
Buy when Laguerre RSI crosses upwards above 20. Sell when Laguerre RSI crosses down below 80.
While indicator runs flat above 80 level, it means that an uptrend is strong. While indicator runs flat below 20 level, it means that a downtrend is strong.
Developer: John EHLERS Author: KivancOzbilgic
เอกสารเผยแพร่
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updated to v4 and added alarms for crossing over 20 and under 80 levels.
Excellent indicator, can I use this indicator for 5 minutes of scalping?
AnyDozer
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Hi, @KivancOzbilgic Thanks for your work. Excellent script.
For correct operation need to change the condition on line 29
Color = colorchange ? ((LaRSI > LaRSI[1] or LaRSI == 1) ? green : red) : blue
seref912
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kıvanç bey emeğinize sağlık. iyiki varsınız..çok şey öğrendim sizden
loveguru
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Hi there Wonderful Script!! Do have a small question how do you have a colourful line on your chart a single line turn green/red Can you please let me know? i appreciate it thanks,
thank you