Laguerre Metatrader 4 Indicator
Laguerre MT4 is an oscillator type technical trading indicator that oscillates between 0 and 1.05. Readings above 0.75 suggest overbought levels. On the contrary, readings below 0.15 suggest oversold levels.
BUY: In uptrends: Wait for the Laquerre indicator to turn back above 0.15 from below.
SELL: In downtrends: Wait for the Laquerre indicator to turn back below 0.75 from above.
Use in conjunction with trend analysis tools (trend lines, moving averages,…) to determine the trend. Always trade with the trend.
USD/JPY 15 Min Chart Example