Ehler Laguerre RSI Analysis & Ehlers RSI Signals
Created and Developed by John Ehler.
Originally used to trade stock & commodities.
Ehler RSI applies a 4-part Ehler Laguerre filter. It slows low-frequency parts and spikes more than high ones. This creates smooth results with less data.
The Ehlers RSI uses numbers from 0 to 100, the middle line helps make trading choices, and the 80/20 marks show when something is too bought or sold.
The only tweak for this indicator is the damping gamma. Set it from 0.5 to 0.85 to fit your style.
Ehler Laguerre Relative Strength Index
FX Analysis and How to Generate Trading Signals
This implementation of Laguerre RSI uses scale of 0-100.
Forex Crossover Signals
Buy signal forms when Ehler RSI crosses over 50 and the center line.
Sell Signal- A sell signal is generated/derived when Ehlers RSI crosses below the 50 level and center Mark.
Oversold/Overbought Levels in Indicator
Oversold/Over-bought Levels in Indicator
Use Laguerre RSI to buy above 20% and sell below 80%. Watch for those crosses.
Study More Lessons and Tutorials & Topics:
- Trading Strategy for the UK100 Stock Index
- MetaTrader FTSE Index FTSE 100 MT5 Forex Trading Platform
- Trading Strategy for the AUS200 Index
- Trading the AEX 25 Index with MetaTrader 5
- Classic Bullish and Bearish Divergence Setups on XAUUSD
