Discover the Laguerre Indicator for MetaTrader 5 — a uniquely crafted tool that steps away from the conventional indicators you find on MT4 and MT5. This indicator showcases a weighted trendline in a separate window on your chart, providing you with clear entry and exit signals. Whether you’re navigating the markets on MT4 or MT5, the Laguerre Indicator has got you covered.
Input Parameters Explained
- Gamma (default = 0.7) — This multiplier plays a crucial role in calculating the line's levels. A higher gamma means a smoother line, so you can fine-tune it to match your trading style.
- CountBars (default = 950) — This parameter sets the maximum number of bars the indicator will calculate. If your system can handle it, crank this number up for better performance.
Comments 0