The values of the recent bars are more important, so, the indicator is more responsive and could better suit short-term types of trading. You can download the template archive here. This reversal pattern signals the beginning of a new uptrend; you enter a trade at the next candlestick with a stop loss of 10 pips.
Target profit is 10 pips, when it is reached, you exit the entire trade or a part of it with the subsequent protection by a trailing stop at a distance of 10 pips. Laguerre RSI paints a shelf at zero level and goes up crossing level 0. The moment of crossing the level is marked with a red vertical line in the chart.
The signal candlestick when there is crossing is the one that is on the right that is, it closes after the level is crossed. We enter a trade at the next candlestick that is highlighted with a pink box in the figure. Red horizontal line mark from bottom to top: stop loss, entry point, and the level where you should protect your trade with a trailing stop. The green circle marks the example of a false sell signal conditions for a short trade will be described below : the indicator only touches level 1 which suggests that the trend is not steady.
Even if this is acceptable by a risky trading style although the signal is weak , but the candlestick is rising when level 0. Here, the signal delivered by the indicator is weak. It only touches the signal line and then rebounds.
But the size and the direction of the candlestick when there is crossing confirms the signal. In this case, the body of the candlestick is more than 5 pips and the candlestick is falling, so, one may enter a trade. The figure also presents 4 situations with false signals, when the condition of the minimal size of the signals candlestick is not satisfied.
Only in the first case, I can say that level 0. The Laguerre indicator is not directly applied in this strategy that can be used to enter swing trades. The major and the only indicator is a complex tool Bulls Bears Eyes, whose signals are smoothed by the Laguerre filter. Bulls Bears Eyes is a combination of two standard indicators:. Settings of Bulls Bears Eyes:.
The initial condition is the time of the session, this period is marked with a yellow circle. The first hour of the European session features that traders are just beginning to identify their further targets to take investment decisions and the price is moving rather by inertia. If the trend reverses the moment we try to pick up during this period, the trend is likely to be strong to yield a moderate profit. You enter a trade at the next bar and exit it around the bar marked with a green arrow.
If you compare the performance of the indicator signals over a different time period, you will see that Bulls Bears Eyes performs well only at a short time interval. Blue circles mark winning trades, green — losing or not successful ones. There is a similar situation: almost all the trades entered in a different time interval are losing. In other words, you can enter a trade only once a day with this strategy.
You can trade other currency pairs with this strategy. But you must bear in mind that the volatility of currencies is different during different trade sessions. So, you will need to find out both the most suitable time and the correct Gamma parameter. Another example of using the Laguerre filter in the Laguerre Volume indicator is described in this overview.
The Laguerre indicator is a trend indicator that may be used both alone, as a trading system, and as a supplementary tool to confirm signals delivered by other indicators, that is, as an oscillator. There is eliminated the main problem, the signal lag with a relatively long period. Compared to stochastic, it sends fewer false signals due to a unique method of filtering price noise. But, still, it is better used in the conjunction with other indicators. If you have any questions concerning this indicator or the trading strategies on its basis, or, you can provide any recommendations or criticism, you are welcome to write your comments!
Did you like my article? Ask me questions and comment below. I'll be glad to answer your questions and give necessary explanations. Home Blog Beginners Forex Laguerre indicator. Rate this article:. Need to ask the author a question? Install Indicator in MT4. Forex No Deposit Bonus. Best Forex Trading Strategy. By Arun Lama Published On Contents hide. Laguerre Indicator for MT4 Explanation. Free Download Laguerre Indicator.
Recommended Brokers. Visit RoboForex. Visit Exness. Visit XM. Share on:. People are also reading Arun Lama I have been actively trading the financial markets since April About Trend Following System Trend Following System's goal is to share as many Forex trading systems, strategies as possible to the retail traders so that you can make real money.
Risk Warning : Trading in the forex market is very risky. Thus, it is may not be for everyone. A highly leveraged position can work against the trader when the trade does not work as expected. Trading in the forex market can cause to lose a significant portion of the capital or all of the capital. It is crucial to learn about the trading and gain enough experience in the demo account before trading with real money. The trading strategies published on this website do not guarantee profit as the market is dynamic and unpredictable.
The past performance of a strategy is not the indicative of future performance.
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It is based upon a modern math tool - Laguerre transform filter. With help of Laguerre filter one becomes able to create superior indicators using very short data lengths as well. The use of shorter data lengths means you can make the indicators more responsive to While indicator runs flat This is an MACD indicator with the ability to use zeror lag moving average instead of exponential moving average.
I also added different background color when histogram is over or under center line, MACD Leader, Laguerre filter and dots to indicate when Leader line crosses macd line. Good luck traders! This is an experimental study designed to identify underlying price activity using a series of Laguerre Filters.
Two different modes are included within this script: -Ribbon Mode - A ribbon of 18 Laguerre Filters with separate Gamma values is calculated. John F. Ehlers, the famous trader who created the Laguerre RSI, tried to avoid whipsaws noise and lag produced by smoothing technical indicators by applying a filter and some changes to the original relative strength indicator.
The result is a technical indicator Laguerre RSI indicator script. This indicator was originally developed by John Ehlers. Level: 2 Background John F. All terms have Adaptive Laguerre Filter indicator script. Thanks to apozdnyakov for the sorting solution. A ribbon of 18 Laguerre Filters with separate Gamma values is calculated.
To see them enable "Draw Ribbon" An average of the 18 filters generates the basis line. Then, Golden Mean ATR over the specified sampling period multiplied by 1 and 2 are added and subtracted to the basis line to generate the bands. Original by DonovanWall. Completely untested, and not at all price fit.
The Laguerre indicator is a trend indicator that may be used both alone, as a trading system, and as a supplementary tool to confirm signals delivered by other. Laguerre MetaTrader indicator — a completely custom indicator that doesn't rely on the standard MT4/MT5 indicators. It shows the weighted trendline in the. Two Ema and Laguerre forex strategy with two indicators EMa and Laguerre. -Laguerre cuts above level. Stop Loss. Place your stop loss around 30 pips.