Laguerre Volume is a free Metatrader 4 (MT4) indicator that provides accurate overbought and oversold market levels for all pairs.
The indicator appears as a yellow colored line that oscillates between the 0 and 1.05 extreme readings.
The 0 indicator reading is considered oversold, while the 1.05 indicator reading is considered overbought.
Buy & Sell Trade Example
- In an uptrending market, look for a buy trade opportunity near the 0 oversold indicator reading.
- In a down-trending market, look for a sell trade opportunity near the 1.05 overbought indicator reading.
The Laguerre Volume indicator can be used for both trade entry and exit, or as an additional overbought/oversold filter for other strategies and systems.
The indicator works equally well on all currency pairs (majors, minors and exotic) and shows promising results if used correctly.
Free Download
Download the “LaguerreVolume.mq4” indicator for MT4
Indicator Chart (EUR/USD M30)
The picture below shows the Laguerre Volume mt4 indicator in action on the trading chart.
Trading Tips:
Feel free to use your own favorite trade entry, stop loss and take profit method to trade with the Laguerre Volume indicator.
As always, trade in agreement with the overall trend and practice on a demo account first until you fully understand this indicator.
Please note that even the best trading indicator cannot yield a 100% win rate over long periods.
Indicator Specifications & Inputs:
Trading Platform: Developed for Metatrader 4 (MT4)
Currency pairs: Works for any pair
Time frames: Works for any time frame
Trade Style: Works for scalping, day trading and swing trading
Input Parameters: Variable (inputs tab), color settings & style
Indicator type: Overbought/oversold oscillator
Does the indicator repaint? No.
Download Now
Download the “LaguerreVolume.mq4” indicator for Metatrader 4
