Laguerre Channel indicator for channel trading strategies
Laguerre Channel indicator builds a channel of price movement. Due to the early determination of the direction trend, the channel is able to adapt quickly and keep the price in the channel. The basis of this indicator is a moving Laguerre.
The channel takes into account volatility previous bars and on this basis constructs a dynamic channel width. Also takes into account the direction and strength of the trend, on this data, the upper and lower lines of the channel can be ahead of the average line, thus trying to keep the price in the channel.
Laguerre Channel indicator settings
- gamma - smoothing coefficient
- Shift - Shift
- Applied_Price - price type
- Filters Qty - the number of filters from 1 to 10, the more filters, the more smoothing
- Deviation - channel width
- Volatility - volatility of previous bars to determine the dynamic channel width
- Trend_Dynamic - coefficient of acceleration of channel adjustment to the trend
- Channel_Average - smoothing coefficient of the upper and lower channel line
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