Skip to content

Adaptive Laguerre Filter Indicator For MT5

    The Adaptive Laguerre Filter Forex indicator for Metatrader 5 is based on the popular Laquerre indicator and delivers trade entry and exit signals.

    After loading the indicator to the chart, it appears as a blue and brown colored line.

    Generally speaking, a blue line is bullish while a brown line bearish.

    The indicator is solid, non-repaint, and will not slow down your trading platform.

    The Adaptive Laguerre Filter indicator for MT5 performs the best when used together with trend indicators.

    Key Points

    • Based on the Laguerre oscillator
    • Works for any currency pair
    • Works for any time frame
    • Programmed for Metatrader 5

    Free Download

    Download the “Adaptive_Laguerre_filter_2.mq5” indicator for MT5

    Example Chart

    The image below shows the Adaptive Laguerre Filter indicator attached to the GBP/JPY 5-minute trading chart.

    Trading Signals

    The Adaptive Laguerre Filter indicator for MT5 can be used in multiple ways, find a basic trading example below:

    Buy Signal:

    • Open a buy trade when the blue Adaptive Laguerre signal line appears on the chart and the overall trend is upward.
    • Place your stop loss 3 pips below the most recent swing low price.
    • Exit the buy trade when a sell trading signal occurs on the chart.

    Sell Signal:

    • Open a sell trade when the brown Adaptive Laguerre signal line appears on the chart and the overall trend is downward.
    • Place your stop loss 3 pips above the most recent swing high price.
    • Exit the sell trade when a buy trading signal occurs on the chart.

    Download

    Download the “Adaptive_Laguerre_filter_2.mq5” indicator (MT5)

    How to install the Adaptive Laguerre Filter Forex indicator in Metatrader 5?

    • Copy the Adaptive_Laguerre_filter_2 indicator file in the MT5 indicator folder
    • Restart the trading platform
    • Select and attach the indicator to any chart of your preference

    How to remove the indicator from the chart?

    • Click with your right mouse button in the chart
    • Select the indicator list from the dropdown menu
    • Remove the indicator from the list
    • Press close

    Tip

    Make yourself familiar with this trading indicator and fully understand how it works before using it in a real account.