ATR Adaptive Laguerre Filter - Levels - MetaTrader 5 Script - MT4/MT5 Resources
The original ATR Adaptive Laguerre Filter (originally posted here: ATR Adaptive Laguerre Filter ) uses the slope/color change of the signal. We're changing that.
In this version we use auto-level filtering on the signal. In this way it attempts to produce a clearer signal and reduce the number of signals produced.
You can use color changes as signals to enter or exit. It is also recommended to make some trial trading decisions on level cycles before using it.
There are two display modes. Default is like vamp. For a simple display (some people prefer this) you can select the display type in this parameter (no filled areas - lines still change color).
Attachment download
📎 atr_adaptive_laguerre_filter_levels.mq5 (14.71 KB)
Source: MQL5 #22597
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