Laguerre Filter - MetaTrader 5 Script | Forex Indicator Downloads - MT4/MT5 Resources - MetaTrader 5 Resources
This indicator consists of two moving averages from John Ehlers' book "Cybernetic Analysis of Stocks and Futures: Cutting-Edge DSP Technology to Improve Your Trading" . The red moving average is a filter and medium-term trend indicator. The blue moving average acts as a quick trend filter with the simplest smoothing tool.
Attachment download
📎 laguerrefilter.mq5 (8.14 KB)
Source: MQL5 #598
Laguerre Filter - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Laguerre Filter - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 resources are resources related to Forex indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based on titles or short-term profit descriptions.
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