Laguerre Relative Strength Index (RSI) and Filter

[Nikolay.Gekht]

The Laguerre RSI was introduced by John Ehlers in his book “Cybernetic Analysis for stocks and futures”. It uses a Laguerre filter to provide a “time warp” so that the low frequency components are delayed more than the high frequency components, enabling much smoother filters to be created using less data.

The typical usage the Laguerre RSI is to buy when the line crosses 0.15 and sell when price crosses 0.85. The price damping factor can be customized for optimal use to best suit the trade instruments data by altering the gamma factor usually between 0.55 and 0.85. The lower the Gamma factor the faster more aggressive the entry. The scale is -0.5 to 1.05.

Read also "Time warp - without space travel" by John F. Ehlers (just google "TimeWarp.doc").

Download:

Laguerre_RSI.lua

(3.27 KiB) Downloaded 4788 times

Laguerre_Filter.lua

(1.93 KiB) Downloaded 4009 times

The indicator was revised and updated

[bluepip]

Is it possible to get Signal and strategy of this Indicators?

LAGUERRE_FILTER and LAGUERRE_RSI (Parameter variable)

Thank you very very much for the service
bluepip

[Apprentice]

It is possible.
However, can you give a little more information on the conditions that signal should be respected.
Do you want to separate or combined signals.
If you want a combo, I need to know how the two indicators complement each other.

[bluepip]

Separate is perfect.

Thanks
bluepip

[Apprentice]

Request added to the developmental cue.

[zeuspower2012]

hello !
I love these indicators !
specially the one on the chart..
How about a MTF version of this,so I can put them some of them ,on the same
chart (like 5m chart with 5m,15m,30m LF on it )

[Apprentice]

Your request has been added to developmental cue.

[Apprentice]

MFT Laguerre Filter is Posted here.
viewtopic.php?f=17&t=3779&p=9194#p9194
MFT Laguerre RSI is Posted here.
viewtopic.php?f=17&t=3780

[bluepip]

There is already a strategy on this indicator LAGUERRE_RSI?

bluepip

[Apprentice]

As far as I know, does not exist.