Laguerre - MetaTrader 5 Script | Trading Script Download - MT4/MT5 Resources - MetaTrader 5 Resources
The Laguerre indicator is a relative strength indicator based on the Laguerre adaptive filter algorithm.
It was created by John Ehlers, an expert in applying digital signal processing methods to futures trading. The Technical Papers section of his website contains numerous examples of the use of this method.
Attachment download
📎 laguerre.mq5 (5.16 KB)
📎 colorlaguerre.mq5 (8.61 KB)
Source: MQL5 #432
Laguerre - MetaTrader 5 script | Trading script download - MT4/MT5 resource usage and screening suggestions
Laguerre - MetaTrader 5 Script | Trading Script Download - MT4/MT5 resources are trading script related resources. 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 only on titles or short-term profit descriptions.
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