The Laguerre Filter indicator is a powerful and popular tool used by Forex traders. It is a free indicator available for the MetaTrader 4 (MT4) platform. It is useful for analyzing the price action of currency pairs and other assets. The Laguerre Filter indicator uses a combination of two different filters to identify changes in price direction. The first filter is the Laguerre RSI, which is based on the Relative Strength Index (RSI). It is used to identify overbought and oversold levels in the market. The second filter is the Laguerre Gamma, which is a trend-following indicator. It is used to identify the direction of the trend. The Laguerre Filter indicator is a useful tool for traders looking to identify changes in price direction and to make informed trading decisions. It is a popular and free indicator available for the MT4 platform, and can be used to analyze the price action of currency pairs and other assets.
MT4
Laguerre Filter
The Laguerre Filter indicator is a popular and free Forex indicator for MT4 that is useful for traders of all levels. The indicator works by calculating the difference between the current price and the weighted average of the previous prices. If the difference is greater than a certain threshold, then it can be used to indicate a potential trading opportunity. It is a popular tool among Forex traders as it can help to identify potential trading opportunities quickly and accurately.
Trading Style | |
---|---|
Indicator Type | |
Timeframe | |
Platform |
0
People watching this product now!
Category: Trend
Downloads - 16
Description
Reviews (0)
Be the first to review “Laguerre Filter” Cancel reply
How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
Related products
Multi Time Frame Breakout
The Multi-Time Frame Breakout indicator is a new and popular forex indicator that is available for free on the MT4 platform. This indicator helps traders identify breakout points by analyzing multiple timeframes at the same time. It works by plotting support and resistance levels based on the highest and lowest price levels over multiple time frames. This is a valuable tool for traders who use multiple timeframes in their analysis and want to improve their accuracy in identifying potential breakout points.
Trend DashBoard
The Trend Dashboard Indicator is a powerful MT4 tool for forex traders who want to keep track of multiple currency pairs and timeframes on one chart. The indicator uses a dashboard to display the trend direction and strength for different currency pairs and timeframes. It also includes an alert feature that can notify traders of potential trading opportunities. With this indicator, traders can save time and stay on top of market trends, allowing them to make informed trading decisions.
Jebatfx Breakout Trendline
The JebatFX Breakout Trendline Indicator is a new and popular forex indicator available for free on the MT4 platform. It is designed to identify breakout trendline opportunities by plotting trendlines and highlighting breakout signals. The indicator uses complex algorithms to analyze price movements and identify key support and resistance levels to generate trading signals. The JebatFX Breakout Trendline Indicator is user-friendly and easy to use, making it suitable for both novice and experienced traders.
Donchian Channel
The Donchian Channel Indicator is a popular forex indicator that is widely used by forex traders to determine trend direction as well as entry and exit points designed to be used in the forex market with the MT4 platform. This indicator is very popular among traders because of its simplicity and efficiency, it works by determining the high and low of the price for a certain period and plotting a channel based on these values. The Donchian Channel Indicator is a popular and effective forex indicator that gives clear market entry and exit signals, making it an essential tool in a successful forex trader's toolbox.
Price Position
The Price Position Indicator is a useful and popular free Forex indicator for MetaTrader 4 (MT4). It helps traders to identify the entry and exit points of their trades, allowing them to maximize their profits. The indicator works by displaying the price movements of a currency pair in a graphical format. It shows the current price level relative to the previous price level and the current trend of the currency pair. It is an ideal tool for both novice and experienced traders, and can be used to identify potential trading opportunities in the Forex market.
Reviews
There are no reviews yet.