Forex Laguerre ROC Indicator

Forex Laguerre ROC Indicator:

The ROC indicator smoothed by Laguerre filter drawn as a color histogram.

Indicator input parameters:

input uint vPeriod=5; // Period
input double gamma=0.500; // Averaging factor
input double UpLevel=0.75; // Overbought level in %
input double DnLevel=0.25; // Oversold level in %
input color UpLevelsColor=clrMagenta; // Color of the overbought level
input color DnLevelsColor=clrMagenta; // Color of the oversold level
input STYLE Levelstyle=DASH_; // Style of levels
input WIDTH LevelsWidth=Width_1; // Width of levels
input int Shift=0; // Horizontal shift of the indicator in bars

Test results:

Forex Laguerre ROC Indicator

Copy and paste the file into the MQL5 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL5 > Indicators (paste here)

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