Combining Fast and Slow RSI with a Laguerre Filter

Summary

This document describes an indicator that applies a Laguerre filter to Plus Directional Indicator values. It identifies the indicator’s origin as an MQL4 implementation and notes that it was published in 2007. The description gives no equations, parameter settings, chart examples with interpretation, or rules for turning its output into entries and exits, so the filtering method and its practical behavior cannot be assessed from the text alone.

The material is therefore a brief introduction to a named technical indicator rather than a complete trading method. It provides no performance results, market scope, or discussion of risks such as lag, false signals, or sensitivity to settings. Traders would need the implementation or a fuller explanation to evaluate how the Laguerre filter changes the underlying PlusDI signal and whether that change is useful in a particular strategy.

Key ideas

• The indicator processes Plus Directional Indicator values through a Laguerre filter.
• The implementation was first written in MQL4 and published in 2007.
• The description does not provide filter equations, settings, or trading rules.
• No evidence is given about performance, market suitability, or signal reliability.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.