Watch how to download trading robots for free
Find us on Telegram!
Join our fan page
Interesting script?
So post a link to it -
let others appraise it
You liked the script? Try it in the MetaTrader 5 terminal

Laguerre - indicator for MetaTrader 5

Published by:
Nikolay Kositsin
2011.08.17 15:16
2016.11.22 07:32
laguerre.mq5 (5.16 KB) view

Real author:

John Ehlers

Laguerre indicator is an RSI indicator algorithm based on the Laguerre adaptive filter.

It was created by John Ehlers - the expert who applied digital signals processing methods to futures trading. Technical Papers section of his web site contains plenty of examples of the method use.

Laguerre indicator shows the overbought/oversold states of the market. It is recommended to buy when a price goes beyond the upper level and sell when it goes below the lower level. Center line breakout is also quite a strong signal for opening positions. Leaving overbought/oversold areas is yet another way to get trading signals using the indicator.

Color Laguerre indicator

Translated from Russian by MetaQuotes Ltd.
Original code:

Simple timer next candle Simple timer next candle

A non-invasive candle time that can be positioned next to price or near a corner.

Variation Variation

This trend indicator shows the current trend direction and moments for closing of the opened position.

Karacatica Karacatica

The indicator generates market entry signals based on the ADX indicator.

Center of Gravity J. F. Ehlers Center of Gravity J. F. Ehlers

Center of gravity is the oscillator developed by John Ehlers and presented in the "Stocks & Commodities" magazine (May, 2002).