Laguerre Volume Index Indicator Download for MT4 - Free - [TFlab] | Forex Indicator Download - MetaTrader 4 Resources

On July 22, 2025, in version 2, the indicator added alerts/notifications and signals functionality

The Laguerre Volume Index indicator is an effective tool among MetaTrader 4 indicators that combines the Laguerre filter and trading volume to identify areas of potential overbought and oversold in the market.

The Laguerre Volume oscillates between 0 and 1 and has three horizontal lines at levels 0.25 , 0.5 , and 0.75 . When the indicator value rises above 0.5 , it indicates buyer dominance , while a value below 0.5 shows seller dominance .

Laguerre Volume Index Indicator Specification Sheet

The table below outlines the details of the Laguerre Volume Index indicator.

Indicator overview

This indicator analyzes changes in trading volume near support and resistance levels to identify potential trend reversal areas and provide trading signals .

• Traders can enter a buy trade if: the indicator value breaks through 0.25 .
• On the contrary, when the indicator value falls below 0.75 , it is considered a Sell signal.

Indicators are in an upward trend

In the EUR/USD price chart, when the indicator line crosses the 0.25 level upwards , the price trend enters the bullish phase . Traders can use this breakout as a signal to enter a Buy trade.

Additionally, for trade management and optimized exit , when the indicator line crosses 0.75 downward , traders can Exit the trade or secure profits .

Indicators are in a downward trend

The GBP/NZD currency pair chart is shown below. When the price in the oscillator window reaches the overbought zone and the blue line crosses 0.75 downwards , this condition can be considered an initial Sell signal .

Traders can verify the signal using additional tools or analysis before entering a Sell trade.

Indicator Settings

The image below provides a comprehensive view of the indicator settings :

• Gamma: adjust indicator sensitivity to price changes
• Shift: Time-adjusted indicator changes relative to price data
• Theme: Background theme selection for the indicator

Conclusion

The Laguerre Volume Index Oscillator is a technical tool that analyzes trading volume and identifies overbought and oversold zones .

By combining Laguerre filter and trading volume , this indicator predicts potential trend changes and provides suitable Entry and Exit zones for trades.

Traders can also use ICT indicators to enhance their analysis of the above areas.