Laguerre RSI Indicator
Platform: MT4 Type: Oscillator Last update: November 4, 2024The Laguerre RSI Indicator for MT4 is a combination of these two gauges into a single oscillator. It’s designed to provide less noise and choppiness and has a tendency to stick in extreme areas, but when it leaves them it’s a high-probality signal of an reversal.
The signal line fluctuates between 0 and 1 levels, which reflect areas corresponding oversold and overbought market states. When that signal line of the Laguerre RSI starts going in the opposite direction, it’s usually a sign of trend reversal and it’s recommended to take advantage of it.
We suggest using this tool in conjuction with other technical analysis indicator in order to confirm trade entry points.
Example chart:
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