Laguerre RSi with Laguerre Filter - Extension - MetaTrader 5 Script - MT4/MT5 Resources
The Laguerre RSI indicator is a highly advanced version of the standard RSI indicator. The Laguerre RSI indicator was created by John Ehlers and introduced in his book "Cybernetic Analysis of Stocks and Futures".
This version also uses a Laguerre filter (also created by John Ehlers) for the signal lines and additional Laguerre RSI smoothing. The following shading modes can be selected:
According to your trading style, choose the appropriate color change pattern, then the color change can be used as a signal
Attachment download
📎 laguerre_rsi_with_laguerre_filter_extended.mq5 (18.77 KB)
Source: MQL5 #22442
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