Laguerre RSI indicator works with overbought and oversold levels, which are indicated by 0.75 - 0.25 or 0.15 - 0.9 levels. In the indicator settings it is possible to set the levels preferred by a trader.
The indicator indicates the entry into the overbought zone with a green dot, the exit from the overbought zone with a red dot.
For the oversold area, the readings are reversed: entry - red point, exit - green.
Since the Laguerre indicator is popular among traders, according to the experts of ForTrader.org, its modification is Laguerre RSI indicator can be its more effective substitute in a number of strategies.