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Laguerre Metatrader 4 Indicator

    Laguerre for MT4 is an oscillator type technical trading indicator that oscillates between 0 and 1.05. It provides great entry and exit points.

    Readings above 0.75 suggest overbought levels.

    On the contrary, readings below 0.15 suggest oversold levels.

    Trading Signals

    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.


    Download the Laquerre.mq4 indicator

    USD/JPY 15 Min Chart Example

    laguerre metatrader4

    How to install the Laguerre custom indicator in Metatrader 4?

    • Download the Laquerre.mq4 indicator to your computer.
    • Open your Metatrader 4 platform.
    • Open the data folder from the top menu.
    • Open the MQL4 folder.
    • Open the indicators folder.
    • Paste the indicator file in this folder.
    • Restart the trading platform.
    • Open any trading chart.
    • Attach the indicator to the chart.