Laguerre RSI MT5

Key Takeaways

• The Laguerre RSI is an enhanced version of the traditional Relative Strength Index (RSI) that incorporates Laguerre filters to smooth the price data. This helps reduce the noise and volatility that are often seen in the standard RSI, providing a cleaner and more reliable indicator for spotting trends, reversals, and overbought or oversold conditions.
• One use of the Laguerre RSI is to identify trends. This is done by looking for sustained periods when the indicator is above or below the 0.5 line.
• Also, a buy signal is generated when the Laguerre RSI line crosses above the 0.15 level, while a sell signal is generated when the Laguerre RSI line crosses below the 0.85 level.