Laguerre MA Metatrader 4 Forex Oscillator Indicator
The Laguerre MA MT4 indicator is an extremely popular Forex oscillator that delivers awesome signals in both trends and range-bound markets.
The Laguerre MA oscillates between 0 and 1 extreme values.
Value 0 is considered oversold.
Value 1 is considered overbought.
In trending markets, it’s recommended to use the Laguerre oscillator together with a trend indicator. I am thinking about the 100 EMA or 200 SMA.
Always trade with the Laguerre oscillator in the direction of the dominant currency trend.
In range-bound markets, you can trade both overbought and oversold signals. You can benefit both ways.
- A Laguerre buy trade occurs when the oscillator trades back above 0.15 from below (oversold).
- A Laguerre sell trade occurs when the oscillator falls back below 0.85 from above (overbought).
- Works perfectly for scalping, day trading and swing trading currency pairs.
Feel free to explore the Laguerre MA Forex oscillator indicator’s different parameters and settings to create your own personalized indicator setup.
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Indicator Example Chart (EUR/USD Daily Chart Example)
Here’s an example of how the indicator should look like when loaded onto the Metatrader 4 chart.
Finding Buy and Sell Triggers With The Laguerre MA Forex Oscillator MT4 Indicator
Buy Signal: Open a buy trade when the Laguerre MA oscillator rises back above the 0.15 value from below.
Place your stop loss below the previous swing low point, or use your own favorite SL method.
Exit buy trade when the Laguerre oscillator signals an opposite trade (sell), or use your own favorite take profit method.
Alternatively, close the buy trade for a fixed profit target or at a round number.
Sell Signal: Open a sell trade when the Laguerre MA oscillator falls back below the 0.85 value from above.
Place your stop loss above the previous swing high point, or use your own favorite SL method.
Exit sell trade when the Laguerre oscillator signals an opposite trade (buy), or use your own favorite take profit method.
Alternatively, close the sell trade for a fixed profit target or at a round number.
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Gamma, max bars, MA, colors, width, style.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: oscillator
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.