Laguerre RSI x 3

Laguerre RSI x 3 (mtf)

Laguerre RSI zero line

Since this is mostly a version of a mt5 rvi changed to mt4 from a version posted elsewhere  by Mladen, copied his quote from there:::


Relative volatility index The Relative Volatility Index (RVI) by Donald Dorsey is a confirming indicator that measures the direction of volatility. The RVI is similar to the Relative Strength Index (RSI) except instead of daily price change standard deviation is used. 
 This indicator can use the fixed levels too (as the "basic" version - when floating level period is set to <=1) but in that case it clearly shows how introducing floating levels can completely change the nature of the indicator. This indicator has the floating levels (which you can turn off by setting the floating levels to less than 1), and it seems that it really needed something like that (like all rsi like indicators, long periods of relative volatility index tend to get flatter and flatter, and then the fixed levels are becoming useless). Deviation from the original calculation is that smoothing is added. Without smoothing (when smoothing is set to <= 1), the results is "jumpy" and in order to avoid that kind of too much signals, smoothing was added. Even longer periods of smoothing can be used (it does not cause significant lag) - but some experimenting is advisedIndicator is already multi time frame version with alerts included.
I added the new 30+ average options. along with the 20 plus price options, and the ability to use different symbols.

Laguerre RSI of RSI        (new)
Laguerre RSI of RSI Advanced

Laguerre RSI of RSI Advanced 1.1              (mtf)
Laguerre RSI of RSI Advanced 1.2              (new-data level up 20)

Laguerre RSI variation
Laguerre RSI variation 2          (slope-smooth)

Laguerre rsi variation 2 alert         (slope)
Laguerre RSI variation - new         (extended-smooth-filter price)

Laguerre RSI with Laguerre Filter
Laguerre RSI with Laguerre Filter mtf

Laguerre RSI with Laguerre Filter 1.01
Laguerre RSI with Laguerre Filter 1.01 mtf
Laguerre RSI with Laguerre Filter 1.02              (upgraded-smooth,some additions)