Laguerre_ROC - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources

Jade King,MTE&I

This Peng indicator smoothed by a Laguerre filter is plotted as a color histogram.

Indicator input parameters:

 Input unit v period = 5 ; // period
Enter double gamma = 0.500 ; // averaging factor
Enter double upper level = 0.75 ; // Overbought level %
Enter double DN level = 0.25 ; // Oversold level %
Input color upper color = magenta ; // color for overbought levels
input color DnLevels color = magenta ; // color for oversold levels
Input style level style=DASH_; // Level style
Input width LevelsWidth=Width_1; // Width of level
Enter integer shift = 0 ; // Horizontal movement of the indicator in bars

This indicator was originally written in MQL4 and first published in the code base of mql4.com on October 12, 2007.

Figure 1. Laguerre_ROC indicator

Attachment download

📎 laguerre_roc.mq5 (9.19 KB)

Source: MQL5 #2106