What is Laguerre RSI?
Laguerre RSI applies Laguerre smoothing to an RSI-style calculation and displays the result as a single line in a separate MT4 pane. The smoothing creates a rounded visual path for comparing recent movement.
The package includes an .ex4 file. The line can be reviewed with the displayed scale and with the price structure on the main chart.
How to use Laguerre RSI
Compare the smoothed line with the upper and lower reference areas and the corresponding price chart. Changes in slope and distance from those areas describe the displayed oscillator state.
gamma controls the Laguerre smoothing factor. The default is 0.7; the display can be reviewed together with other chart context.
Where it helps
Laguerre filtering produces a rounded line for chart comparison.
One main line and its scale make the display easy to scan.
gamma provides a direct smoothing adjustment.
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| gamma | Sets the Laguerre smoothing factor. Default: 0.7. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
