This is a Laguerre RSI with an addition of Laguerre filter signal line.Thank you for reading this post, don't forget to subscribe!
So, it is a sort of “all Laguerre” indicator. As an addition, a “no trade zone” can be displayed (for cases of market ranging, when the trading should be avoided).
One more deviation is added: The “speed”. It can vary from 0 to 6. The smaller that “speed” the “slower” the Laguerre is. And vice versa. That can help in keeping the smoothness of the calculating but without adding significant lag. Some experimenting is advised for parameters for different symbols.
MT4 Indicators – Download Instructions
IcLaguerre RSI with Laguerre filter is a Metatrader 4 (MT4) indicator and the essence of the forex indicator is to transform the accumulated history data.Subway provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Based on this information, traders can assume further price movement and adjust their strategy accordingly.
How to install the software?
- Download the mq4 file from the zip file.
- Copy the mq4 file to your Metatrader Directory / experts / indicators /
- Start or restart your Metatrader Client
- Select Chart and Timeframe where you want to test your indicator
- Search “Custom Indicators” in your Navigator mostly left in your Metatrader Client
- Right click on the mq4 file.
- Attach to a chart
- Modify settings or press ok
- Indicator should be available on your Chart
How to remove tim.mq4 from your Metatrader 4 Chart?
- Select the Chart where is the Indicator running in your Metatrader Client
- Right click into the Chart
- “Indicators list”
- Select the Indicator and delete
MT4 Indicators Download below: