Tyson wrote: Wed Sep 23, 2020 10:45 am dear coder, is it a good idea to add signal line & divergence to this indicator too? thank you thank you thank you!

mrtools wrote: Thu Sep 24, 2020 9:53 am

Added divergence and non repaint slope coloring, will add the signal later.

Background :

For some time one Laguerre RSi is floating around with the strange name used : the "Time Fractal Energy adaptive Laguerre RSI". More or less it is an ATR (Average True Range) adaptive Laguerre RSI.

This version :

It is using the ATR adapting method for Laguerre RSI but it is also using Laguerre filter for smoothing the RSI values. Both are adaptive, so this indicator is a sort of "completely adaptive" indicator. The smoothing addition is a deviation from the formula used normally (it was added to filter out some false signals)

Usage :

You can use color changes for signals. It seems to be usable for short term decisions though (since it is adapting itself all the time, it tends to reflect shprt term trend changes better than long term changes)

Darks wrote: Thu Sep 24, 2020 10:51 pm I was searching for a good OB/OS indicator potentially for entering retracements and I found this one by Mladen that looks good. Translated it to MT4.

mrtools wrote: Fri Sep 04, 2020 2:39 am

Added all the price options.

kizerage212 wrote: Thu Sep 24, 2020 11:46 pm Since the new pricing options were added to this indicator attached here rsi experiment extended alertsPricing.mq4, I'm now getting a zero divide error

kizerage212 wrote: Thu Sep 24, 2020 11:46 pm

Since the new pricing options were added to this indicator attached here rsi experiment extended alertsPricing.mq4, I'm now getting a zero divide error being reported when I try to call the indicator in an EA I'm using. The zero divide error says zero divide in 'rsiexperimentextendedalertsPricing.mq4' (220,35). However, there are no issues with the indicator before those pricing options were added. See the old indicator attached to compare with the new pricing one above. rsi_experiment_extended alerts.mq4. I'm not sure what was changed to cause this with the updated pricing options on the indicator.

Jimmy wrote: Thu Sep 24, 2020 11:04 pm

You've done an amazing translation on this Darks. I really love how neat the options are kept and even the colors you've used

Lovely!

Darks wrote: Thu Sep 24, 2020 10:51 pm You can use color changes for signals. It seems to be usable for short term decisions though (since it is adapting itself all the time, it tends to reflect shprt term trend changes better than long term changes)