This tutorial explains how to use the Laurencian classification indicator to predict future price movements, with kernel regression line and RSI indicator support.
Introducing the Machine Learning Lorencian Classification Indicator
Understanding the Laurencian Distance Classifier
How the Indicator Works to Predict Future Price Movements
Reading and Using the Indicator
The Numbers Plotted Below Every Candle
The Kernel Regression Line
Entering and Exiting Positions with the Indicator’s Signals
Managing Risk and Taking Profits
Enhancing the Strategy with the RSI Indicator
Changing the RSI Time Frame and Style Settings
Conditions for Entering a Buy Position
Targets for Managing Risk and Taking Profits
Conditions for Entering a Sell Position
Exiting Positions with the Kernel Line’s Signals
Conclusion
Using the Laurencian Classification Indicator for Trading Success
Tips for Incorporating the Indicator into Your Strategy