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Ehlers laguerre RSI


This indicator is described by Euler in one of his famous books. It is based on the traditional RSI indicator, but uses one of the Euler smoothing techniques. A typical use of the Laguerre RSI indicator is to buy after the line crosses the 0.2 level up, and sell when the line crosses the 0.8 level down. Of course, just like with a regular RSI indicator, you can create more complex trading rules.

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