Adaptive Laguerre filter 2 – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • There are a few adaptive Laguerre filters. The main difference (addition) among the existing versions and this one is that this is using smoothing that does not use any of the averages but is implemented in the core of the Laguerre filter calculation. That helps in keeping the lag as little as possible and adds flexibility (and experimenting possibility — try very big smooth parameter as an example).

    It allows “smoothing” coefficient from 0 to infinity (as much as mt allows).

    As of the rest: indicator is, as usually, equipped with usual choice of 22 types of prices, alerts and is already multi time frame.

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  • How to install MT5 indicator?
  • 1. On the desktop, double-click to open the MT45 trading platform software you installed.
  • 2. Click on “File” in the upper left corner – “Open Data Folder”, double-click the MQL5 folder, and double-click the Indicators folder
  • 3. Copy the metrics you need to install to the Indicators folder
  • 4. Open MT5, find “Navigator” in the display menu, then click “Technical Indicators” of “Navigator” and right click to refresh, you will see the indicator just copied.
  • 5. In the “Technical Indicators” of “Navigator”, find the indicator file just installed, double click or click manually to the chart window
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