Laguerre FilterLaguerre Filter indicator based on the John Ehler's article "Time Warp – Without Space Travel" about the Laguerre Transform
Laguerre
Laguerre Multi-Filter [DW]This is an experimental study designed to identify underlying price activity using a series of Laguerre Filters.
Two different modes are included within this script:
-Ribbon Mode - A ribbon of 18 Laguerre Filters with separate Gamma values is calculated.
-Band Mode - An average of the 18 filters generates the basis line. Then, Golden Mean ATR over the specified sampling period multiplied by 1 and 2 are added and subtracted to the basis line to generate the bands.
Multi-Timeframe functionality is included. You can choose any timeframe that TradingView supports as the basis resolution for the script.
Custom bar colors are included. Bar colors are based on the direction of any of the 18 filters, or the average filter's direction in Ribbon Mode. In Band Mode, the colors are based solely on the average filter's direction.
Laguerre-based RSI Backtest This is RSI indicator which is more sesitive to price changes.
It is based upon a modern math tool - Laguerre transform filter.
With help of Laguerre filter one becomes able to create superior
indicators using very short data lengths as well. The use of shorter
data lengths means you can make the indicators more responsive to
changes in the price.
You can change long to short in the Input Settings
WARNING:
- For purpose educate only
- This script to change bars colors.
Laguerre-based RSI Strategy This is RSI indicator which is more sesitive to price changes.
It is based upon a modern math tool - Laguerre transform filter.
With help of Laguerre filter one becomes able to create superior
indicators using very short data lengths as well. The use of shorter
data lengths means you can make the indicators more responsive to
changes in the price.
WARNING:
This script to change bars colors.
Laguerre RSI Multi-Time FrameThe Laguerre RSI Indicator is a modification of the well-known relative strength indicator or RSI. John F. Ehlers, the famous trader who created the Laguerre RSI, tried to avoid whipsaws (noise) and lag produced by smoothing technical indicators by applying a filter and some changes to the original relative strength indicator. The result is a technical indicator that is more responsive and has much less noise than the original RSI indicator.
The multi-time frame LRSI is used to have multiple RSI oscillators on the screen at once that are derived from different intervals. This allows the trader to see setups in multiple time frames.
TheLark LMA (Laguerre) v2 - multi timeframeWhat's new?
v2 has added multi timeframe support.
Blatantly stole Chris Moody's code for multi timeframe, because why re-invent the wheel? Thanks Chris ;P
BUT -- modified the coloring to work correctly with higher timeframes, just another Lark hack, so it's a give and take :)
_____________________________
The Laguerre Average (filter) was discovered by John Ehlers.
It's a newer type of averaging that is meant to take out as much of the
inherent lag that your typical EMA and SMA's give at the start of a major trend change.
So what you get is an average that turns more quickly at major trend changes,
and doesn't get tripped up on the noise (as much).
_____________________________
Please thumbs up/ star/ whatever this script if you like it & use it!
See my profile for more scripts, & be sure to follow for future releases.
Sorry for my hiatus, extremely busy these days working on both my own and client work.
This script was a user request.
CM_Laguerre PPO PercentileRank Mkt Tops & BottomsCustom Code that Finds Market Tops & Bottoms!!!
CM_Laguerre PPO PercentileRank V2 Mkt Tops & Bottoms
Original Laguerre PPO code was Created by TheLark.
Special Thanks to coondawg71 and ChartArt for Great Insights
This Is Version 2 Of This Indicator that now Finds Market Tops and Bottoms.
Coming Next…Upper Indicator Pinpointing Entries Based on Price Action!!!
See Original Post Below For Detailed Information.
Other Indicators That Show Market Bottoms Well.
CM ATR PERCENTILERANK - GREAT FOR SHOWING MARKET BOTTOMS!
GREAT CONFIRMING INDICATOR FOR THE WILLIAMS VIX FIX
TWO TRADING SYSTEMS - BASED ON EXTREME MOVES!!!
CM_Laguerre PPO PercentileRank - Markets ToppingCustom Code that Finds Market Tops!!!
CM_Laguerre PPO PercentileRank - Markets Topping
Original Laguerre PPO code was Created by TheLark.
I found if I applied a Percent Rank of the PPO to view Extreme Moves in the PPO it was great at showing Market Tops.
Features via Inputs Tab:
Ability to set all PPO Indicator Values.
Ability to set Warning Threshold Line Value and Extreme Percentile Threshold Line Values.
Ability to turn On/Off Warning and Extreme Percentile Rank Lines.
***I’ve found this Indicator to be Valid…However, I have NOT Extensively tested the Settings. Initially setting the LookBack Period to 200 on A Daily chart with a 90 Extreme Percentile Rank Value works Good. Some charts changing the Lookback period to 50 an draisisng the Extreme Percentile Rank Line to 95 Works Great.
***To Be Blunt…When I look at the underlying Indicator…I don’t know why this Shows Us What It Does When the Percentile Rank Function is applied to it…But For Whatever Reason…It Just Works.
***If you Find Very Useful Settings Please Post Below
Other Indicators That Show Market Bottoms Well.
CM ATR PERCENTILERANK - GREAT FOR SHOWING MARKET BOTTOMS!
GREAT CONFIRMING INDICATOR FOR THE WILLIAMS VIX FIX
TWO TRADING SYSTEMS - BASED ON EXTREME MOVES!!!
TheLark: Laguerre PPOA while ago I posted a more flexible MACD, known as PPO (See that post for details).
Yesterday I had a request by @ChartArt for a Laguerre MACD. Since I favor PPO to MACD, here it is!
Completely untested, and not at all price fit. Play with the numbers and leave a comment if you come up with an interesting combination or idea ;)
Laguerre-based RSIHi,
This is RSI indicator which is more sesitive to price changes.
It is based upon a modern math tool - Laguerre transform filter.
With help of Laguerre filter one becomes able to create superior
indicators using very short data lengths as well. The use of shorter
data lengths means you can make the indicators more responsive to
changes in the price.
FREE INDICATOR: Laguerre RSIAbout:
Averages, and the way they are compared and calculated make up a large amount of the indicators out there, so the fun thing about new averages, is how they open up a whole new group of indicators.
Usage:
This is Laguerre RSI. You'll notice it acts a little different than your normal RSI, and it can be traded in different ways. It can be used as a switch, or to view bursts of momentum. Combine with your style and see if you notice anything. It might just be what you were looking for! Stay tuned for more scripts & ideas by following me on TradingView.
Grab the source code here: pastebin.com
Installation video by @ChrisMoody here : blog.tradingview.com
░░░░░░░░░░░░░░░ Feel free to follow me to keep up with my latest scripts! ░░░░░░░░░░░░░░░
░░░░░░░░░░░░ PLEASE THUMB UP OR STAR IF YOU LIKE THIS INDICATOR! ░░░░░░░░░░░░
I'd like as many people as possible to get it :)
