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Indicators: Laguerre

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Automated-Trading 2011.08.17 15:16 


Trend strength indicator 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.

Author: Nikolay Kositsin

Color Laguerre indicator

Sergey Golubev
Sergey Golubev 2013.11.04 14:24  

This is the one (of many) way how to use this indicator.

  • Buy when Laguerre crosses upwards above 0.15.
  • Sell when Laguerre crosses down below 0.85.
  • While indicator runs flat above 0.85 level, it means that an uptrend is strong.
  • While indicator runs flat below 0.15 level, it means that a downtrend is strong.

Sergey Golubev
Sergey Golubev 2013.11.04 17:37  

Laguerre Scalping Trading System

Please find template for this system. Do not forget to download Laguerre indicator (other indicators already exist in Metatrader 5).

  • Place Laguerre in indicators forder (for example - to C:\Program Files\MetaTrader 5\MQL5\Indicators).
  • Place template to template folder (for example - to C:\Program Files\MetaTrader 5\Profiles\Templates).
  • Compile indicator or restart metatrader 5.
  • Open M5 chart of your select pair, right mouse click on the chart and select 'Templates', find our template by name and click on it.

You will get chart like that (you can see confirmed buy entry on the image) :

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