Laguerre RSI with Laguerre Filter - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource
This is a Laguerre RSI with a Laguerre filter signal line.
Therefore, it is a "full Laguerre" indicator. Additionally, a "no trading zone" can be displayed (for situations of market volatility, trading should be avoided).
One more deviation has been added: "speed." It can vary from 0 to 6. The smaller the "speed", the "slower" Laguerre is. vice versa. This helps keep calculations smooth but doesn't add noticeable lag. It is recommended to conduct some experiments with the parameters of different trading symbols.
Attachment download
📎 laguerre_rsi_with_laguerre_filter_2.mq4 (12.28 KB)
Source: MQL5 #17989
Laguerre RSI with Laguerre Filter - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Laguerre RSI with Laguerre Filter - MetaTrader 4 Script | Forex Indicator Download - MT4/MT5 resources are foreign exchange indicator related resources. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
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