Laguerre, both paint the same picture. Laguerre Filter line setting Gamma: 0. Buy when Laguerre RSI crosses upwards above 0. Sell what is forex rsi Laguerre RSI crosses down below 0.
While indicator runs flat above 0. 85 level, it means that an uptrend is strong. While indicator runs flat below 0. 15 level, it means that a downtrend is strong. An additional Forex indicator — Laguerre Filter line — is drawn directly over the charts and looks like a moving average. Laguerre Filter line filters Laguerre RSI signals.
Forex traders would enter only if price is above Laguerre Filter line. Opposite true for Sell signals: when Laguerre RSI signals to Short, price must be below Laguerre Filter line in order for a signal to be valid. Laguerre Filter line doesn’t filter all false signals, though. Forex trades may choose to play with Laguerre RSI settings in order to make Laguerre indicator more or less sensitive.