The ATR Adaptive Smooth Laguerre RSI indicator for Metatrader 5 is a solid buy/sell oscillator based on the Laguerre technical oscillator.
The indicator shows up in a bottom chart as blue and orange colored signal lines.
The trend is bullish when the blue line appears on the chart while bearish when the orange line gets printed on the chart.
From my experience, the indicator works the best for scalpers and day traders.
The indicator is solid, 100% non-repaint, and will not slow down your trading platform.
Key Points
- Good for scalpers & day traders
- Buy/sell signals
- Works for any currency pair
- Works for any time frame
- Programmed for Metatrader 5
Free Download
Download the “ATR adaptive smooth Laguerre RSI (dlvl).mq5” indicator for MT5
Example Chart
The image below shows the ATR Adaptive Smooth Laguerre RSI Forex indicator applied to the EUR/USD 30-minute trading chart.
Trading Signals
The ATR Adaptive Smooth Laguerre RSI indicator for MT5 can be used in multiple ways, find a basic trading example below:
Buy Signal:
- A new buy signal arrives when the blue signal line appears on the chart.
- Place your stop loss 2-3 pips below technical support.
- Exit the buy trade for a fixed profit target or wait for a sell signal.
Sell Signal:
- A new sell signal arrives when the orange signal line appears on the chart.
- Place your stop loss 2-3 pips above key resistance.
- Exit the sell trade for a fixed profit target or wait for a buy signal.
Download
Download the “ATR adaptive smooth Laguerre RSI (dlvl).mq5” indicator (MT5)
How to install the ATR Adaptive Smooth Laguerre RSI indicator on Metatrader 5?
- Open the trading platform and go to “File” (top menu) and then navigate to the “open data folder”
- Now proceed to the MQL5 indicators folder
- Copy the ATR adaptive smooth Laguerre RSI (dlvl) indicator file in this folder
- Close and restart the MT5 trading platform
- You will find the indicator in the custom indicators list
- Select it and attach 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 drop down 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.