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Ehlers Laguerre RSI Analysis & Ehlers RSI Signals

Created by John Ehler.

Originally used to trade stock & commodities.

Ehler RSI uses a 4-Element Laguerre filter to provide a "time distort" such that the low frequency components/price spikes are delayed much more than the higher frequency components. This indicator enables much smoother filters to be created using short amounts of data.

The Ehlers RSI uses a scale of 0- 100, the center line is used to generate Forex trading signals & the 80/20 levels represents overbought-oversold levels.

Only parameter which can be optimized for this indicator is damping gamma factor, usually 0.5 to 0.85, to best suit your method.

Ehlers Laguerre RSI Indicator Analysis - Ehlers Laguerre RSI

Ehler Laguerre Relative Strength Index

Forex Analysis & How to Generate Trading Signals

This implementation of the Laguerre RSI uses scale of 0-100.

FX Crossover Signals

Buy Signal- A buy signal is generated when the Ehlers RSI crosses above 50 level Mark.

Sell Signal- A sell signal is generated when Ehler RSI crosses below 50 level Mark.

Ehlers Laguerre RSI Indicator Analysis - Ehlers Laguerre RSI

Oversold/Overbought Levels on Indicator

Oversold/Overbought Levels on Indicator

A typical use of the Laguerre RSI is to buy after it crosses back above the 20% level and sell after it crosses back below the 80% level.

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