The Adaptive Laguerre indicator for Metatrader 5 is designed to provide trend trading signals suitable for both beginners and seasoned traders.
It’s based on the popular Laguerre trading formula and displays a 2-color signal line in the price chart.
How to spot the trend with this technical analysis tool?
- A buy signal is formed when the chart displays a blue line.
- A sell signal is formed when the chart displays an orange line.
The Adaptive Laguerre indicator can be effectively combined with other technical tools, yet it is also capable of performing well as a standalone trading tool.
Customization options are available through the following indicator inputs and parameters: time frame, laguerre period, smooth, price, turn alerts ON, alert on currency bar, send email, send push notifications, play sound, etc.
Please make yourself familiar with this technical indicator and test it first on a demo account before applying it to live trading.
It supports all time frames and Forex pairs.
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Adaptive_Laguerre_filter_2.mq5 Indicator (MT5)
Chart Example
The following chart shows what the Adaptive Laguerre Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Adaptive Laguerre Indicator?
Find a simple trading example below:
Buy Signal
- A blue colored line generates a buy signal.
- Open a buy trade @ market price and set a stop order below support.
- Close the buy trade for a fixed pips profit, or reverse the trade when an opposite trading signal arrives in the chart.
Sell Signal
- An orange colored line generates a sell signal.
- Open a sell trade @ market price and set a stop order above resistance.
- Close the sell trade for a fixed pips profit, or reverse the trade when an opposite trading signal arrives in the chart.
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Adaptive_Laguerre_filter_2.mq5 Indicator (MT5)
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Adaptive_Laguerre_filter_2.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
How Do I Edit This Indicator?
- Click in the open chart with your right mouse button
- In the dropdown menu, click on Indicator List
- Select the indicator and click on properties
- Now you can edit the inputs, colors, levels, scale and visualization
- Finally click the OK button to save the new configuration