Laguerre

[trendie]

There are no hits for "laguerre" on T2W.

The only google results are about polynomial equations.

I suspect its some form of data-processing to solve a problem, in the way that a Hull moving average uses squares of the half-period to make it more reactive and less lagging.

What is a "laguerre" in the context of an indicator?
What does it "do" to the data?

thanks

EDIT: looked at the code; gobbldey-gook. there is an input parameter called "gamma". It is used to multiply some of the values by it. Maybe its a sort of volatility factor used to smooth out data??
The download I got is an oscillator screen, with values between 1 and 0, so its used as OB and OS?

 

[r.w.]

Laguerre filtering is a technique used in signal processing for noise reduction. Applied to price data this becomes like a moving average, but less lag and smoother. Also, there's a Laguerre RSI indicator that works like the regular RSI but again with less lag and more smoothness. For both there are parameters to modify just like for MAs and RSI. Electrical engineer John Ehlers pioneered the use of Laguerre filtering for trading, and both indicators are his inventions. You can read more about them, and download MT4 indicators here:

Free Forex Training | Trading Strategies | Forex Mentor: Laguerre RSI Indicator & Filter Line