Ehlers Laguerre RSI MetaTrader 4 Indicator & Ehlers RSI Signals

Developed by John Ehlers.

Originally used to trade stocks and commodities.

Ehlers 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 MT4 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 signals & the 80/20 levels represents overbought-oversold areas.

The only parameter that can be optimized for this MetaTrader 4 Indicator is a damping gamma factor, usually 0.5 to 0.85, to best suit your trading method.

Ehlers Laguerre Relative Strength Index

MetaTrader 4 Indicator & How to Generate Signals

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

FX Crossover Signals

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

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

Oversold/Overbought Levels on Technical Indicator

Oversold/Overbought Levels on Indicator

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