Adding MetaTrader 4 Ehlers Laguerre RSI Indices Technical Chart Indicator
Step 1: Open the Indices Trading Platform Navigator Window
Open the Navigator window as shown below; Go to “View” menu (click), then select the “Navigator” window (click), or From Standard Toolbar click the “Navigator” button or press short cut keyboard keys “Ctrl+N”
On the Navigator window, select “Indicators”, (Double Click)
MetaTrader 4 Ehlers Laguerre RSI Indices Indicator
Adding Ehlers Laguerre RSI MetaTrader 4 Indices Technical Chart Indicator
Expand the menu by clicking the expand button marker (+) or double click the “indicators” menu, after this the button will appear as (-) and will now display a list as shown below - select the Ehlers Laguerre RSI stock indices chart indicator from this list of stock indices indicators so as to add the Ehlers Laguerre RSI stock indexes technical indicator on the stock indexes trading chart.
From the Above window you can then place Ehlers Laguerre RSI indicator that you want on the Indices Trading chart
How to Put Custom Ehlers Laguerre RSI Stock Indexes Indicator on MetaTrader 4 and How to Install Ehlers Laguerre RSI Stock Indexes Indicator MetaTrader 4
If the stock indices indicator you want to add is a custom indicator - for example if the Ehlers Laguerre RSI indicator you want to add is a custom indicator you will need to first add this custom Ehlers Laguerre RSI indicator on the MT4 stock indexes trading platform and the compile the custom Ehlers Laguerre RSI indicator so that the newly added Ehlers Laguerre RSI custom indicator appear on the list of custom indicators on the MetaTrader 4 stock indexes trading platform.
To learn how to install Ehlers Laguerre RSI indicators on MetaTrader 4, how to add Ehlers Laguerre RSI indicator window to MetaTrader 4 and how to add Ehlers Laguerre RSI custom indicator on MT4 stock indexes trading platform - How to add a custom Ehlers Laguerre RSI indices trading Indicator on MT4.
About Ehlers Laguerre RSI Indices Indicator Tutorial
Ehlers Laguerre RSI Indices Technical Analysis and Ehlers RSI Indices Trading Signals
Developed by John Ehlers.
Originally used to trade stocks and commodities.
Ehlers RSI uses a 4-Element Laguerre filter to provide a "time distort" such that the low frequency components/ stock indexes price spikes are delayed much more than the higher frequency components. This indicator enables much smoother filters to be created using short amounts of data.
The Ehlers RSI uses a scale of 0- 100, the center line is used to generate stock indices signals and the 80/20 levels represents overbought/oversold levels.
The only parameter that can be optimized for this indicator is a damping gamma factor, usually 0.5 to 0.85, to best suit your trading method.
Ehlers Laguerre Relative Strength Index
Indices Technical Analysis and Generating Indices Trading Signals
This implementation of the Laguerre RSI uses scale of 0-100.
Buy signal- A buy stock indices signal is generated when the Ehlers RSI crosses above the 50 level Mark.
Sell signal- A sell stock indices signal is generated when the Ehlers RSI crosses below the 50 level Mark.
A typical use of the Laguerre RSI is to buy after it crosses back above the 20% level and sell after it crosses back below the 80% level.