Laguerre RSI NG (MT5)

Laguerre RSI NG (“Next‑Gen”) is a refined Laguerre RSI oscillator with γ (gamma) control and optional smoothing/alerts. It excels at timing pullbacks inside trends and spotting early reversals with very low lag in MetaTrader 5.

What it shows

• Laguerre RSI curve (0–1) — fast, low‑lag momentum with gamma controlling responsiveness.
• OB/OS zones — typical 0.2 / 0.8 (adjustable) for mean‑reversion and trend‑resume logic.
• (Optional) arrows/alerts — zone crosses, zero‑line mid‑cross (~0.5), slope flips and extremes.

Trade ideas

1. Trend pullback buy/sell: in an uptrend, watch LRSI pull to 0.2–0.4 then turn up; mirror for downtrend (0.6–0.8 then down).
2. First cross after regime change: after breaking 0.5, the first pullback that holds the new side often continues.
3. Divergence: price makes a new high/low while LRSI fails to confirm → early caution; seek confirmation.
4. (Optional) Gamma tuning: lower γ → faster, higher γ → smoother; match to timeframe/volatility.

Inputs that matter

• Gamma (γ) — responsiveness vs smoothness.
• Smoothing length / method — reduce noise without delay.
• OB/OS levels — defaults 0.2/0.8; adapt to asset.
• Alerts — zone cross, mid‑cross, slope change, extremes.
• Colors/widths — quick visual read.

Suggested usage

• M5–M15: intraday pullbacks & quick mean‑reversions.
• M30–H4: swing continuation with zone filters.
• Daily+: bias/overheat read for portfolio tilt.

Installation (MT5)

1. Open MetaTrader 5 → File → Open Data Folder.
2. Copy laguerre-rsi-ng.ex5 to MQL5/Indicators.
3. Restart MT5 (or refresh Navigator) and attach Laguerre RSI NG.
4. Tweak inputs → OK.

FAQ

Does it repaint? No on closed bars; levels/crosses confirm at close.
Use in EAs? Yes, via iCustom.
Markets? FX, indices, metals, crypto — anything on MT5.

Disclaimer: Test on a demo account first; risk management is essential.