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Laguerre
Laguerre MetaTrader indicator a completely
custom indicator that doesn't rely on the standard MT4/MT5 indicators. It shows the
weighted trendline in the separate window of the chart. It can be used for
easy entry and exit signals. The indicator is available for both MT4 and MT5.
Input parameters:
- gamma (default = 0.7) multiplier that is used in the
line's levels calculation. The higher it is the smoother is the line.
- CountBars (default = 950) the maximum amount of bars
for which to calculate this indicator. Set as high as possible if you don't
experience performance problems.
Laguerre can be used to buy when the line reaches 0.2 level from below and
exit the long trade when it reaches 0.5 level from above. Sell when the line
crosses 0.8 from above and exit the short trade when the line crosses 0.5 level
from below.
Downloads:
Laguerre for MetaTrader 4 in .zip
Laguerre for MetaTrader 4 in .mq4
Laguerre for MetaTrader 5 in .zip
Laguerre for MetaTrader 5 in .mq5
Discussion:
Warning! Before you ask any basic questions regarding installation of
the indicators, please, read this
MetaTrader 4 Indicators Tutorial or MetaTrader 5 Indicators Tutorial
to get the elementary knowledge on handling them.
Do you have any suggestions or questions regarding this indicator? You can
always
discuss Laguerre with
the other traders and MQL programmers on the indicators forums.
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