Accurate Laguerre Trading Oscillator For MT5

Here’s an accurate trading oscillator for the MT5 trading platform, it’s called Laguerre. The indicator swings back and forth between 0.0 and 1.10 levels. Look for buy signals at 0.15 and sell signals at 0.75.

Trading Rules

Buy signal: in an up trend, buy a currency pair when the laguerre oscillator turns back above 0.15 from below (buy on dips).

Sell signal: in an downtrend, sell a currency pair when the laguerre oscillator turns back below 0.75 from above (sell on rallies).

Download Link

Download the laguerre.mq5 indicator.

Example: EUR/USD 30 Minute Chart

MT5-trading-oscillator

Characteristics 

Type: trading oscillator

Currency pairs: any

Timeframe: any

Platform: Metatrader 5

Customizable settings: gamma, colors

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