The Laguerre RSI Indicator for MT4 is an advanced version of the classic Relative Strength Index (RSI). Unlike the traditional RSI, it removes choppiness and smooths oscillator values with minimal lag, providing more reliable bullish and bearish trend signals.
With adjustable gamma input values, traders can balance signal frequency and responsiveness. Increasing gamma increases signal lag but improves trend reliability. This indicator works well for both new and advanced forex traders and can be applied across all timeframes—from intraday charts to daily, weekly, and monthly charts.
The indicator plots its values in a separate window on MT4 and is displayed in purple, with values normalized between 0 and 1.
Oscillator values above 0.15 indicate the start of a bullish trend.
Traders can enter BUY trades with stop-loss below the previous swing low.
Take-profit can be set near 0.75 or adjusted using risk-reward management.
Oscillator values below 0.75 indicate the start of a bearish trend.
Traders can enter SELL trades with stop-loss above the previous swing high.
The oscillator may remain below 0.15 during extended bearish periods; confirm trends with price action or other technical indicators.
The Laguerre RSI may stay at extremes longer during strong trends.
Combining Laguerre RSI with higher timeframe analysis and other indicators ensures higher-probability trade entries.
The indicator is highly suitable for top-down technical strategies:
Identify the overall trend using higher timeframe charts.
Use lower timeframe charts with Laguerre RSI to pinpoint optimal entry points.
This approach improves accuracy while reducing false signals from minor price fluctuations.
Smooths out RSI choppiness for clearer trend signals.
Provides fewer but more accurate trading signals than classic RSI.
Suitable for all intraday, daily, weekly, and monthly charts.
Easy to download, install, and customize for personal trading preferences.
Supports both bullish and bearish strategies for forex and stock trading.
The Laguerre RSI Indicator for MT4 is an essential tool for traders seeking smooth and accurate trend signals. It improves upon the classic RSI by reducing noise while maintaining reliable entry and exit points. Whether you are a beginner or an advanced trader, Laguerre RSI can enhance your technical trading strategy. The indicator is free to download, easy to install, and works across multiple timeframes.
For more advanced MT4 and MT5 indicators, visit IndicatorForest.com.
Published:
Nov 25, 2025 00:51 AM
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