Your way of using LagRSI is brilliant! Thanks a lot!
I think it helps increase entries without hurting w/l ratio. great improvement! (compared to my thoughts)
I think it helps increase entries without hurting w/l ratio. great improvement! (compared to my thoughts)
DislikedAfter watching the Laguerre for a few weeks now, I don't like the 0.8 and 0.2 levels for OB/OS on M5. It is too volatile around those levels. The Laguerre likes to go to the extremes (> 0.95 and < 0.05) and then sit there for a while. FWIW, my implementation is as follows (Long example):
OS Condition
----------------
Trend is up on H1: EMA(25) > EMA(50) > EMA(100) > EMA(200)
M15, H1, and H4 RSI(3) < 20
M5 Laguerre(0.5) < 0.05
Once the OS conditions are met, you enter a buy when M5 Laguerre(0.5) > 0.15Ignored