RSI laguerre

owes29 · 2017-03-22T18:13:06+00:00

Hi I’m new to the site and also new to Prorealtime, I was wondering if someone could help me code. the attached indicators, that I have used on an alternative platform. I found something similar on the site. Laguerre ROC (Rate Of Change) Any help would be much appreciated kind regards Lee

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03/22/2017 at 7:13 PM #29492 quote

owes29
Participant

New

Hi

I’m new to the site and also new to Prorealtime, I was wondering if someone could help me code. the attached indicators, that I have used on an alternative platform. I found something similar on the site.

Laguerre ROC (Rate Of Change)

Any help would be much appreciated

kind regards

Lee

RSI-Laguerre-and-pivot-point-Indicators.txt

03/23/2017 at 8:39 AM #29546 quote

Nicolas
Keymaster

Legend

Do you have screenshots please? The code you provided contains 2 different indicators code, I’d like first to see how they are rendering on a price chart. Thank you.

03/23/2017 at 12:03 PM #29580 quote

owes29
Participant

New

Hi Nicolas,

Thankyou for the reply, I have attached a screen shot of the indicator on a price chart.

thanks again

lee

RSI-laguerre-screen-shot.png

03/23/2017 at 2:27 PM #29622 quote
Nicolas
Keymaster

Legend
I found this code in an old french forum about Laguerre RSI (for reference purpose, yours is different and I’ll translate it later)
```
//Laguerre RSI
gamma=0.7

pr=medianprice
once l0=pr
once l1=pr
once l2=pr
once l3=pr
once rsil=undefined
if barindex>0 then
l0=(1-gamma)*pr+gamma*l0[1]
l1=-gamma*l0+l0[1]+gamma*l1[1]
l2=-gamma*l1+l1[1]+gamma*l2[1]
l3=-gamma*l2+l2[1]+gamma*l3[1]
cu=0
cd=0
if l0>=l1 then
cu=l0-l1
else
cd=l1-l0
endif
if l1>=l2 then
cu=cu+l1-l2
else
cd=cd+l2-l1
endif
if l2>=l3 then
cu=cu+l2-l3
else
cd=cd+l3-l2
endif
rsil=cu/(cu+cd)
endif

return rsil,0.2,0.8
```
About the ‘Projection pivot’: so it’s the dotted lines on your chart? How do you use it? I’d like to understand it a bit before doing its translation, thanks.

laguerre-rsi-prorealtime.png
03/23/2017 at 2:45 PM #29626 quote

Nicolas
Keymaster

Legend

From what platform is the original code please?

03/23/2017 at 6:36 PM #29674 quote

owes29
Participant

New

Hi Nicolas,

The RSI/ fractal energy indicator was used on Think or swim platform, the RSI/fractal energy indicator is used quite effectively to find top and bottoms with quite effective entrys and exits. The pivot points I have not used, it just something I got given that I was thinking of trying (but the pivot points are not important, i’m slowly trying to learn to code, so hopefully I will be able to read and understand and hopefully write the code for pivot points in the near future)

Thanks again it’s much appreciated

Lee

03/23/2017 at 8:12 PM #29687 quote

Nicolas
Keymaster

Legend

Honestly, converting code from think or swim to prorealtime is not a big deal. I translated successfully your laguerre RSI indicator to PRT, I’ll post code tomorrow in the Library.

Laguerre-RSI-Fractals-Energy.png

03/23/2017 at 9:23 PM #29702 quote

owes29
Participant

New

that is brilliant, great job thankyou. I though my transition onto prorealtime was going to be painful, thankfully this forum makes it quite the opposite.

cheers

Lee

03/26/2017 at 10:19 AM #29888 quote

Nicolas
Keymaster

Legend

You can now find this indicator to download in this library’s post: Laguerre RSI with dynamic gamma
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