Traders' Tips from TASC Magazine

Laguerre RSI

g:=0.5;
L0:=((1-g)*C) + (g*PREV);
L1:=(-g*L0) + Ref(L0,-1) + (g*PREV);
L2:=(-g*L1) + Ref(L1,-1) + (g*PREV);
L3:=(-g*L2) + Ref(L2,-1) + (g*PREV);

cu:= If(L0>L1, L0-L1,0) + If(L1>L2, L1-L2,0) + If(L2>L3, L2-L3,0);
cd:= If(L0<L1, L1-L0,0) + If(L1<L2, L2-L1,0) + If(L2<L3, L3-L2,0);

temp:= If(cu+cd=0, -1,cu+cd);
If(temp=-1,0,cu/temp)

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