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Smitty MTF Laguerre RSI 5 *
This indicator calculates multiple Laguerre RSIs across two time frames in addition to your chart timeframe, and then plots them horizontally as a visual pullback indicator. It does not plot like a normal Laguerre RSI!

The idea is that your chart would be the "medium" time frame, and you would then select a lower and higher timeframe to compliment your chart.
  • The indicator allows you to set the Gamma, Upper and Lower threshold for each Laguerre RSI
  • The indicator allows you to select from any of Ninjatrader's built-in time settings


A long entry would look like this:
- Higher timeframe (lower bar) is showing long (preferably green)
- Chart timeframe (middle bar) has retraced and is showing orange or red
- Lower timeframe (thinner, topmost bar) is crossing back to yellow or green

The default colors are setup like so:

Red - Below the 20 line of the Laguerre RSI (or can be set to your own value)
Orange - Between the lower line and 50
Yellow - Between 50 and the upper line
Green - Above the 50 line

At this time the indicator does not plot a signal, but it most likely will in the near future.

Version 1.00


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September 5th, 2021
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Keywords: laguerre mtf multi-timeframe rsi
 


 
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