MT5 Indicators: Adaptive Laguerre Filter
Laguerre indicator is one of the most popular and interesting oscillators for the MetaTrader 4 terminal. It is not surprising that for MT5 he also showed up pretty quickly.
Presented before us Adaptive Laguerre Filter - is a modernized version of the standard indicator. Its main difference from the usual filter is the use of Laguerre polynomial calculation algorithm of any order. In addition, it is now possible to smooth the oscillator in various ways using the AdaptiveSmooth and AdaptiveSmoothMode parameters, as well as to build a non-adaptive Laguerre indicator using the Length period in bars and the AdaptiveMode parameter equal to 0.
A handy graphical supplement for Adaptive Laguerre Filter indicator for MT5 it became possible to color the filter in different colors depending on the direction of the specified filter trendas well as oscillator construction based on the data of higher timeframes.
According to ForTrader.org, MT5 indicator Adaptive Laguerre Filter - is one of the best filters of the last years on the market. Many trading strategies and tactics are based on it. However, it seems not very successful to move it from a separate window to the chart, which immediately took away the possibility of using it in determining overbought and oversold conditions.
