Hey fellow traders! If you're looking to step up your game with the ATR Adaptive Laguerre RSI, you're in the right place. Originally shared here, this indicator has undergone some tweaks to better fit the evolving MetaTrader 5 platform.
Back in the day with MetaTrader 4 and earlier builds of MT5, we all knew some coding basics to keep our scripts running smoothly—like avoiding unnecessary loops and leveraging built-in functions. But things have changed! Nowadays, to really optimize speed in MT5, it's better to steer clear of those built-in functions. This updated version of the ATR Adaptive Laguerre RSI does just that—calculating ATR internally for better performance.
- Utilize it just like any other RSI indicator. The color shifts in the Laguerre RSI can highlight overbought or oversold conditions, or you might find it helpful for spotting trend changes.
- If you're curious about execution speed, fire up the profiler. You'll notice the difference right away—no need to dive deep into the stats!
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