Laguerre RSI with Laguerre filter – indicator for MetaTrader 5

  • Platform: Metatrader5
  • Currency pairs: Any pairs, indices and metals
  • Trading Time: Around the clock
  • Recommended broker: icmarkets, XM
  • Laguerre RSI with Laguerre filter…

    This version has several deviations in calculations.

    • It allows to use “speed” for both Laguerre filter and Laguerre RSI
    • “Speed” can vary from 0 to 6 – the higher the “speed” to “faster” the rsi or the filter are
    • “no trade zone” added to the usual levels – no trade zone can be used in cases when market is in ranging mode as a warning not to trade

    As usual some experimenting with parameters is advised. 

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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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