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
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
Catatan Rilis
updated to v4 and added alarms for crossing over 20 and under 80 levels.Catatan Rilis
Multiple Time frame option added Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Skrip open-source
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Telegram t.me/AlgoRhytm
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
YouTube (Turkish): youtube.com/c/kivancozbilgic
YouTube (English): youtube.com/c/AlgoWorld
Pernyataan Penyangkalan
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.