Laguerre+SAR

ForexSys

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aguerre MetaTrader indicator — is fully new created indicator. It don’t use any standard indicators from MT4/MT5.
He shows a weighted trend-line in separated graph window. Can be used for simple market enter and exit signals.The indicator is available for MT4 and MT5.
In this post we will try to take a close-up look at this indicator, so let start!
First for all, you should know that this post is written in two versions, RUS and ENG so they maybe some Cyrillic characters on the pictures.
Now closer to the point, this indicator is unable to give exact signals, but with the help of additional filters , like MA and with a big period or Parabolic, it is possible to get a good result.
And from here starts our journey, we will try to add the filters.
The incoming parameters of Laguerre:
gamma (default = 0.7) — Line level calculation coefficient. Higher values creates more even line.
CountBars (default = 950) — Max graph bars amount on which the indicator will be calculated.Set the maximum available amount , if your hardware have enough resources.
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Incoming Parabolic SAR parameters:

Indicator calculations Parabolic Stop and Reverse system.
Parameters:
symbol – A symbolic name of the tool, on which`s data`s the indicator will be calculated. NULL means current symbol.
timeframe – Period.Can be one of the graph period. 0 means the period of the current graph.
step – Stop level increase стопа, usually 0.02.
maximum – Max stop level , usually 0.2.
shift – The index of the indicator buffer value (the shift is relative to the current bar with given periods).
Buy signal:
Indicator Laguerre is higher 0.85
Parabolic SAR is lower then current price
Sell signal:
Indicator Laguerre is lower then 0.15
Parabolic SAR is higher then current price
Example:
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First test with a clear algorithm (Open = Invert with a revers signal)
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The interesting thing is that they are almost identical on all tics tests.
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That was a short close-up look at this indicator
Primary test with Virtual TradePad
Full test with SuperTester
This article was provided from forexsys.info
 
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