Hey fellow traders! If you’re on the lookout for some innovative tools to enhance your trading strategy, let’s dive into the stripped Laguerre version of the double smoothed stochastic indicator.
This version ditches the usual fixed levels and utilizes a unique "stripped" Laguerre filter to identify levels and trends. It’s a game-changer when it comes to analyzing market movements!
The stripped Laguerre filter provides us with intermediate steps that the Laguerre filter performs, highlighting these as "levels". You can leverage these levels as support or resistance (or even overbought/oversold signals) based on your trading style. The foundation of this indicator is built on the double smoothed stochastic, giving you a robust calculation to work with.
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