Adaptive Laguerre Filter
Info
The Adaptive Laguerre Filter is a Indicator for MetaTrader 5 that the indicator showcases an advanced version of the adaptive laguerre filter, calculated using a specific method. Unlike the original indicator, it employs the Laguerre polynomial algorithm of any order, with a default order parameter of 4.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use Adaptive Laguerre Filter
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
The indicator showcases an advanced version of the adaptive Laguerre filter, calculated using a specific method.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: xander adaptive cross: trend identification tool - another powerful indicator for MetaTrader 5 traders.
The indicator showcases an advanced version of the adaptive Laguerre filter, calculated using a specific method. Unlike the original indicator, it employs the Laguerre polynomial algorithm of any order, with a default order parameter of 4.Also recommended: heiken ashi indicator with adaptive moving average - similar indicator with strong performance on MetaTrader 5.
This indicator offers flexibility in smoothing factor adaptability, allowing users to customize the adaptivesmooth parameter (default 5) and adaptivesmoothmode parameter (default median).
A notable feature is the ability to create a non-adaptive Laguerre filter by specifying the length period in bars and setting the adaptivemode parameter to 0.
Additional functionalities include trend visualization through the colormode parameter and filter construction for higher timeframes.
You may also like: fractal adaptive moving average (frama) - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property indicator_chart_window
#property indicator_buffers 5
#property indicator_plots 1
#property indicator_type1 draw_color_line
#property indicator_color1 silver,deepskyblue,orangered
#property indicator_width1 2
enum enum_smooth_mode
{.......
⚠ 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.