Laguerre stripped of double stochastic indicator for MetaTrader 5 terminal

Laguerre stripped of double stochastic indicator - this is a version of the double smoothed Stochasticswhich uses the so-called "deconstructed" Laguerre filter for levels and trends instead of fixed levels.

Instead of showing only one filter value, the "disassembled" Laguerre also shows all the intermediate steps used in its calculation. This allows us to expand the scope of its use, as compared to the original indicator:

• Use as a support/resistance indicator;
• Use to display the level stop loss;
• Use to assess the strength of a trend;
• Use in the "classic form", to determine the trend.

Laguerre stripped of double stochastic indicator shows the intermediate calculation steps of the Laguerre filter as "levels", which can also be used to find support/resistance (or oversold/oversold) levels, depending on the objectives and trading style. In this case the double smoothed Stochastic is used for the basic calculation.

Download Laguerre stripped of double stochastic indicator

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