Laguerre MetaTrader indicator — a completely custom indicator that doesn't rely on the standard MT4/MT5 indicators. It shows the weighted trendline in the separate window of the chart. It can be used for easy entry and exit signals.
Input parameters:
- gamma (default = 0.7) — multiplier that is used in the line's levels calculation. The higher it is the smoother is the line.
- CountBars (default = 950) — the maximum amount of bars for which to calculate this indicator. Set as high as possible if you don't experience performance problems.
Category MetaTrader 4 Indicators
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