Laguerre Volume Index Indicator Download for MT5 - Free - [TFlab] | Forex Indicator Download - MetaTrader 5 Resources
On July 22, 2025, in version 2, the indicator added alerts/notifications and signals functionality
The Laguerre Volume Index indicator is an analytical tool among MetaTrader 5 indicator designed with the Laguerre filter based on trade volume analysis . The indicator is used to identify potential overbought and oversold zones in the market.
Laguerre Volume Index Indicator Specification Sheet
The table below summarizes the characteristics of this indicator.
| Indicator categories: | Oscillator MT5 Indicator MT5 Volatility Indicator Trading Aid MT5 Indicator |
| Platforms: | MetaTrader 5 Indicators |
| Trading Skills: | Intermediate |
| Indicator Types: | Inverse MT5 Indicator |
| Time frame: | Multi Time Frame MT5 Indicators |
| Trading Style: | Intraday MT5 Indicators |
| Trading Tools: | Forex MT5 Indicators Cryptocurrency MT5 Indicators Stock MT5 Indicators |
Indicators at a glance
The Laguerre Volume Index oscillator fluctuates between 0 and 1 , showing three valid levels at 0.25 , 0.5 , and 0.75 .
- A value above 0.5 indicates buyer dominance , while values below 0.5 signify seller control
- A breaking through the 0.25 level may signal a buy entry , whereas a falling below the 0.75 level is considered a sell signal
Indicators are in an upward trend
In an uptrend , price approaches oversold zones , and as the blue line crosses upward above the 0.25 level , the trend turns bullish .
Traders look for confirmations such as Marubozu candlesticks to ensure trend continuation .
Indicators are in a downward trend
When the blue oscillator line crosses below the 0.75 level , the price trend turns bearish . Traders initiate sell trades and exit when the indicator reaches oversold zones .
Indicator Settings
The image below provides a comprehensive overview of the functionality and details of this indicator:
- Gamma : Adjusts the sensitivity indicator's impact on price changes
- Shift : The change of the Temporal adjustment indicator relative to the price data
- Theme : indicator selection background theme
Conclusion
The Laguerre Volume Index Oscillator (Laguerre Volume Index) is one of the advanced trading aid indicators in MetaTrader 5, designed to identify overbought and oversold zones .
The indicator analyzes trade volume and trade intensity , predicts potential trend changes , and determines suitable entry and exit points for trades.
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