TheLark

FREE INDICATOR: Laguerre RSI

About:
Averages, and the way they are compared and calculated make up a large amount of the indicators out there, so the fun thing about new averages, is how they open up a whole new group of indicators.

Usage:
This is Laguerre RSI . You'll notice it acts a little different than your normal RSI , and it can be traded in different ways. It can be used as a switch, or to view bursts of momentum. Combine with your style and see if you notice anything. It might just be what you were looking for! Stay tuned for more scripts & ideas by following me on TradingView.

Grab the source code here: http://pastebin.com/e7DEYe7y
Installation video by @ChrisMoody here : http://blog.tradingview.com/?p=265

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                 ░░░░░░░░░░░░ PLEASE THUMB UP OR STAR IF YOU LIKE THIS INDICATOR! ░░░░░░░░░░░░
                                                               I'd like as many people as possible to get it :)
Catatan Rilis: Due to popular demand, this is the Laguerre RSI built for Pine Script 4. A simple update from my original released in 2014.

ABOUT
This indicator is coded as defined by John Ehlers in his book "Cybernetic Analysis for Stocks and Futures", with minor visualization changes (colors) added by me. Colors can be turned off if desired.

I've also added the ability to smooth the indicator. If smoothing is set any greater than 1 (default), an EMA is applied to the indicator. This introduces some lag, but it may be beneficial for some systems. That is something you will need to test for yourself and your strategy.

USAGE
You'll notice the Laguerre RSI acts a little different when compared to your normal RSI, and it can be traded in different ways.
You can use it as a switch / filter, to indicate bursts of momentum, the direction of momentum, and more.

Combine this with your own strategies and you may find it useful. It might just be what you were looking for!

FINAL COMMENTS
Follow me on TradingView, I almost never post anything new ;-)
Trade smart. Don't get caught up looking for the perfect indicator, it doesn't exist.
Skrip open-source

Dalam semangat TradingView, penulis dari skrip ini telah mempublikasikannya ke sumber-terbuka, maka trader dapat mengerti dan memverifikasinya. Semangat untuk penulis! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.

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