MT4 indicator (Laguerre_RSI.mq4)

Forex MT4 indicator Laguerre Download indicator: Laguerre.mq4

Forex MT4 indicator Laguerre RSI Download indicator: Laguerre_RSI.mq4

Forex MT4 indicator Laguerre Filter Download indicator: LaguerreFilter.mq4

Laguerre RSI indicator = the same as Laguerre, both paint the same picture.

Laguerre RSI indicator settings

Gamma: 0.85
Count Bars: 9500

Default parameters: Fixed minimum -0.05 Fixed Maximum 1.05
Default Levels: 0.85, 0.45 and 0.15

Laguerre Filter line setting Gamma: 0.85

How to trade with Laguerre RSI indicator

Buy when Laguerre RSI crosses upwards above 0.15.
Sell when Laguerre RSI crosses down below 0.85.

While indicator runs flat above 0.85 level, it means that an uptrend is strong.
While indicator runs flat below 0.15 level, it means that a downtrend is strong.

Forex MT4 indicator Laguerre RSI

How to use Laguerre Filter Line

An additional Forex indicator — Laguerre Filter line — is drawn directly over the charts and looks like a moving average. Laguerre Filter line filters Laguerre RSI signals.

When Laguerre RSI tells to go Long (buy), Forex traders would enter only if price is above Laguerre Filter line. Opposite true for Sell signals: when Laguerre RSI signals to Short, price must be below Laguerre Filter line in order for a signal to be valid.

Forex MT4 indicator Laguerre RSI

Laguerre Filter line doesn't filter all false signals, though.

Forex trades may choose to play with Laguerre RSI settings in order to make Laguerre indicator more or less sensitive. Settings apply to Gamma parameters. Common settings are:
Gamma 0.85
Gamma 0.7
Gamma 0.55

When using Laguerre Filter line together with Laguerre RSI in Forex, make sure they both have the same Gamma settings.

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can i use for lower TF maybe 5 or 15..thx

yeah.. would like to know that as well.. seems to work on ej for tf 5mins

I'm pretty sure you can!

All the downloads seem to be the RSI indicator. None are the filter line. Am I missing something?

Laguerre filter line is drawn by this indicator: LaguerreFilter.mq4

I just downloaded the three indicators. The instructions indicate the Laguerre RSI settings however, I did not find the count bars setting on the indicator. Also, the default parameters on the indicator did not appear as -0.5 and +1.05. The parameters appeared as 0.0 and 1.0. Great website. Thanks.

Laguerre RSI allows changing only the Gamma parameter. (But if you come by another version of Laguerre some time, you'll have the idea of what parameters to use).
For the convenience of working with the indicator, you can change the window scale:

Hi thanks for your imput with these two indicator combo,the filter and RSI gamma must be the same,great information on the site. Thank you.

can you tell me, where should the stop loss be put if you go long just after price has crossed the filter line?

Thank you for these wonderful Indicators. I put the 3 Gama filter lines on the chart to function like a MA cross-over and strength of Trend indication. Also put 2 Laguerre RSi of 2 different values for short-term and long-term indication. Looks like it is working very well.

1. You have to create a new file named my-indicator.mq4 and copy the code there.That's it.2. Then on your PC open a fdloer with MetaTrader, go to Experts, Indicators.Copy the file with your indicator there.3. Restart MT4.You'll find your indicator among Custom indicators in the platform menu.Good luck!

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