mrtools wrote: Fri Feb 21, 2020 5:57 am
What would determine bullish/bearish?
My understanding is that as the Laguerre value travels above 20 (some people set this threshold to 15) then this should mark the start of a bullish move... as the Laguerre reaches and stays above 80 or 85 then that indicates a strong bullish continuation till it starts to travels below 80/85 then the opposite could be said for a bearish move.... I think the modification they made is to make the Laguerre value less sensitive to noise and price fluctuation and more representative of the overall price direction or trend continuation. This gives it that smoothed look and less lagging following of the price.
I hope I made some clarification and I apologize for any confusion as I am no expert like you dear mrtools

.... Please feel free to add your expert spin on the Laguerre RSI so it would give this great output for mt4..... mtf will even help further confirming the price moves as well..... thanks a million for your great help
