Laguerre RSI with Laguerre Filter 2

 

The Laguerre RSi With Laguerre Filter Extended Indicator For MT5 is based on the standard RSI indicator and was created by John Ehlers. The Laguerre Filter provides a smoothing to the RSI indicator so that it will react less choppy to small market moves. Market noise is filtered out with this indicator. The different colors show you if a trend exists and if overbought or oversold areas are reached.