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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

    CharacteristicsĀ 

    Type: trading oscillator

    Currency pairs: any

    Timeframe: any

    Platform: Metatrader 5

    Customizable settings: gamma, colors