Laguerre Filter Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resources
The Laguerre filter is a smoothing filter based on Laguerre polynomials. What this indicator does is give you an idea of both short-term and long-term trends.
Buy when the indicator line is green and sell when the indicator line is red.
MetaTrader 4 versions will not be introduced here. You can download it and the source code through my Telegram channel. The link to the channel is located in my profile . Don't forget to subscribe!
Attachment download
📎ehlerslaguerrefilter.mq5 (9.85 KB)
Source: MQL5 #37939
Laguerre Filter Indicator - MetaTrader 5 Script | Forex Indicator Download - MT4/MT5 Resource Usage and Screening Suggestions
Laguerre filter indicator - MetaTrader 5 script | Foreign exchange indicator download - MT4/MT5 resources are foreign exchange indicator 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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