The Laguerre RSI Indicator is a modification of the well-known relative strength indicator or RSI. John F. Ehlers, the famous trader who created the Laguerre RSI, tried to avoid whipsaws (noise) and lag produced by smoothing technical indicators by applying a filter and some changes to the original relative strength indicator. The result is a technical indicator...
What's new? v2 has added multi timeframe support. Blatantly stole Chris Moody's code for multi timeframe, because why re-invent the wheel? Thanks Chris ;P BUT -- modified the coloring to work correctly with higher timeframes, just another Lark hack, so it's a give and take :) _____________________________ The Laguerre Average (filter) was discovered by John...
Custom Code that Finds Market Tops & Bottoms!!! CM_Laguerre PPO PercentileRank V2 Mkt Tops & Bottoms Original Laguerre PPO code was Created by TheLark. Special Thanks to coondawg71 and ChartArt for Great Insights This Is Version 2 Of This Indicator that now Finds Market Tops and Bottoms. Coming Next…Upper Indicator Pinpointing Entries Based on Price...
Custom Code that Finds Market Tops!!! CM_Laguerre PPO PercentileRank - Markets Topping Original Laguerre PPO code was Created by TheLark. I found if I applied a Percent Rank of the PPO to view Extreme Moves in the PPO it was great at showing Market Tops. Features via Inputs Tab: Ability to set all PPO Indicator Values. Ability to set Warning Threshold Line...
A while ago I posted a more flexible MACD, known as PPO (See that post for details). Yesterday I had a request by @ChartArt for a Laguerre MACD. Since I favor PPO to MACD, here it is! Completely untested, and not at all price fit. Play with the numbers and leave a comment if you come up with an interesting combination or idea ;)
Hi, This is RSI indicator which is more sesitive to price changes. It is based upon a modern math tool - Laguerre transform filter. With help of Laguerre filter one becomes able to create superior indicators using very short data lengths as well. The use of shorter data lengths means you can make the indicators more responsive to ...
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,...