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Laguerre Envelopes is a well-known indicator with the lines based on the algorithm of the Moving Average Laguerre. This shortens delay time and reduces the noise.
- gamma - smoothing ratio
- Shift - shift
- Applied_Price - price type
- Filters Qty - amount of filters (1-10). The greater the amount, the greater the smoothing.
- Deviation - channel width
The indicator is applied based on the assumption that the price often goes back even after a strong movement. In other words, the price remains balanced most of its time, while buyers and sellers temporarily destabilize it.