Laguerre Indicator for Metatrader 5

Download Laguerre Indicator for Metatrader 5

Real author: John Ehlers

laguerre indicator mt5

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.

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.  

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.

laguerre indicator mt5

Download Laguerre Indicator for Metatrader 5