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Colored Laquerre Oscillator Indicator For Metatrader 5

    The colored laquerre indicator is one of the best trading oscillators ever developed for the Metatrader 5 platform.

    For best trading results, use this indicator in agreement with the overall trend. See the rules below.

    Trading Rules

    Buy signal: the indicator crosses back above 0.15 level from below.

    Sell signal: the indicator crosses back below 0.85 level from above.

    Note: look for buy signals in an up trend and avoid sell signals, similarly, look for sell signals in an downtrend and avoid buy signals.

    Download Link

    Download the colorlaguerre.mq5 indicator.

    Example: EUR/USD 1 Hour Chart



    Type: trading oscillator

    Currency pairs: any

    Timeframe: any

    Platform: Metatrader 5

    Customizable settings: gamma, high level, mid level, low level