Indicators: Laguerre

[Automated-Trading]

Laguerre:

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

[Sergey Golubev]

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]

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) :

[Сергей Криушин]

Hi! Happy New Year!!! I have a problem with colour for some reason

'LEVEL' - undeclared identifier ColorLaguerre.mq5       156     4
'Level0' - undeclared identifier        ColorLaguerre.mq5       156     10
'Level0' - some operator expected       ColorLaguerre.mq5       156     10
'EMPTY' - undeclared identifier ColorLaguerre.mq5       156     17
',' - unexpected token  ColorLaguerre.mq5       156     22
'Level1' - undeclared identifier        ColorLaguerre.mq5       156     23

gives errors, something I have not uploaded or some other trick as usual.

[Nikolay Kositsin]

chipo:
Hi! Happy New Year!!! I have a problem with the colour for some reason gives errors, something I have not uploaded or some other trick as usual

Happy New Year to you too! No, just some absolutely incomprehensible bloop suddenly appeared out of nowhere! But it's already fixed. It's just a little while until the file is replaced!