Laguerre RSI is based on John EHLERS' Laguerre Filter to avoid the noise of RSI .

Change alpha coefficient to increase/decrease lag and smoothness.

Buy when Laguerre RSI crosses upwards above 20.
Sell when Laguerre RSI crosses down below 80.

While indicator runs flat above 80 level, it means that an uptrend is strong.
While indicator runs flat below 20 level, it means that a downtrend is strong.

Developer: John EHLERS
Author: KivancOzbilgic

Twitter: @kivancozbilgic

YouTube (Turkish): http://youtube.com/c/kivancozbilgic

YouTube (English): http://youtube.com/c/AlgoWorld
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

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