Laguerre RSI Multi-Time Frame

The Laguerre RSI Multi-Time Frame indicator provides a more responsive and noise-filtered alternative to the traditional RSI, allowing traders to monitor three different timeframes simultaneously on a single chart.

Usage

The indicator can be used to identify trend exhaustion and momentum shifts across multiple resolutions. Traders typically look for the Laguerre RSI lines to cross specific thresholds to determine market conditions:

• Overbought/Oversold Identification: Values above 0.8 are generally considered overbought, while values below 0.2 are considered oversold.
• Multi-Time Frame Confluence: By viewing three timeframes at once (represented by varying line thicknesses), traders can look for "confluence" where multiple timeframes reach extreme levels or cross thresholds simultaneously, indicating a higher-probability setup.
• Trend Reversals: A crossover above the 0.2 level can signal a potential bullish reversal, while a crossunder below the 0.8 level can signal a potential bearish reversal.

Details

The Laguerre RSI was developed by John F. Ehlers to solve the inherent lag found in traditional smoothed indicators. It utilizes a Laguerre filter to create a more responsive oscillator that reacts quickly to price movements while maintaining a smooth output.

This specific implementation includes a multi-time frame (MTF) engine designed to prevent repainting. When an interval higher than the current chart timeframe is selected, the indicator uses a logic that anchors updates to the previous known and locked values, providing incremental updates rather than jumping once the higher timeframe bar closes.

Settings

Resolution 1-3

• Gamma: Controls the smoothing of the Laguerre RSI. Higher values result in more smoothing and less noise, but may introduce slight lag. Lower values increase responsiveness.
• Interval Close Length: Sets the timeframe resolution for the specific RSI line (e.g., M15, H1, Day).
• Use Chart Interval Instead: When enabled, the indicator ignores the selected "Interval Close Length" and uses the current chart's timeframe for that specific calculation.

FAQ

How do I use the different line thicknesses?

The indicator plots three lines: the thickest line represents Resolution 3, the medium line represents Resolution 2, and the thinnest line represents Resolution 1. This helps you visually distinguish between your long-term and short-term trends.

Does this indicator repaint?

No, the script is designed with a non-repainting MTF logic. For intervals higher than the chart interval, it shows incremental updates anchored to the last confirmed values.

How can I access the Laguerre RSI Multi-Time Frame?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.