Laguerre RSI with Laguerre Filter and Speed Parameter
Info
The Laguerre RSI with Laguerre Filter and Speed Parameter is a Indicator for MetaTrader 4 that laguerre rsi with an added laguerre filter signal line, creating an "all laguerre" indicator. Includes an optional "no trade zone" display for ranging market conditions, advising when to avoid trading.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 4 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL4/Indicators folder via File ? Open Data Folder in MetaTrader 4.
How to Install and Use Laguerre RSI with Laguerre Filter and Speed Parameter
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
Laguerre RSI with an added Laguerre filter signal line, creating an "all Laguerre" indicator.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 4.
Compatible Platform & Setup
This Indicator works on MetaTrader 4. Place the file in the MQL4/Indicators folder and restart the terminal.
Description & Settings
Related: Chandelier Exit for MT4: A Precise Port with Enhanced Signal Statistics - another powerful indicator for MetaTrader 4 traders.
Laguerre RSI with an added Laguerre filter signal line, creating an "all Laguerre" indicator.Also recommended: Range Filter Buy and Sell Indicator for MT4 with Signal Statistics - similar indicator with strong performance on MetaTrader 4.
Includes an optional "no trade zone" display for ranging market conditions, advising when to avoid trading.
A "speed" parameter, ranging from 0 to 6, is introduced. Lower speeds result in slower Laguerre calculations, while higher speeds increase responsiveness. This feature aims to maintain calculation smoothness without introducing significant lag.
Experimentation with parameter settings is recommended for optimal performance across different symbols.
This indicator was developed in 2026. All rights reserved.
The author is not liable for any trading losses incurred by the use of this indicator. Use at your own risk.
No support or updates are guaranteed.
You may also like: Smart Session Breakout MT4: Asian Range Breakout with ATR Filter and Alerts - excellent alternative for indicator users on MetaTrader 4.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property link "https://robotfx.org"
#property indicator_separate_window
#property indicator_buffers 2
#property indicator_color1 palevioletred
#property indicator_color2 dimgray
#property indicator_width1 2
#property indicator_style2 style_dashdotdot
#property indicator_levelcolor dimgray.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.