The Laguerre RSI Crossover indicator, a blend of
traditional RSI and Laguerre filter, offers precision trading signals.
Engineered for a smoothed and agile oscillator, the Laguerre Relative Strength
Index (Laguerre RSI) diminishes lag and noise inherent in the standard RSI.
This enhances its ability to detect trends and overbought/oversold conditions
in the market.
Trading Rules:
SELL Signal:
- When blue and yellow lines touch the upper 0.8 line.
- Yellow line crosses above blue, moving upwards.
- After crossover, if both lines slope downwards, it strengthens the SELL signal.
BUY Signal:
- When blue and yellow lines touch the lower 0.2 line.
- Blue line crosses above yellow, moving upwards.
- After crossover, if both lines slope upwards, it reinforces the BUY signal.
Optimal Application:
- Best suited for the 1-minute candle timeframe.
- Recommended expiry period: 2 minutes.
- Avoid trading during news releases due to unpredictable market volatility.
- Focus on the European and New York sessions for peak market activity.
Embrace this versatile indicator system across various
currency pairs to seize a multitude of trading opportunities. Remember,
combining this strategy with prudent risk management enhances the potential for
successful trades.
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Click here for commentsplease the alert is not working in this mt4
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