The Laguerre Filter indicator for Metatrader 4 (MT4) is a directional trend tool that works on the Laguerre trading formula.
A buy signal occurs when the candlestick crosses the purple line upwards, and a sell signal occurs when the candlestick crosses downwards.
This visual signal simplifies trading decisions and helps traders spot potential trend changes early.
The indicator works on multiple timeframes.
It is suitable for intraday trading on M15–H1 charts and can be used for scalping on M1–M5 charts.
Traders can also combine it with other indicators to confirm trends and improve trade accuracy.
Free Download
Download the “laguerre filter.mq4” indicator for MT4
Key Features
- Purple signal line indicating buy and sell opportunities
- Directional trend tool based on the Laguerre formula
- Supports intraday and scalping strategies
- Helps identify trend reversals early
- Easy to read and beginner-friendly
Indicator Chart
The chart shows the Laguerre Filter Signal Indicator on MT4.
Candlesticks crossing above the purple line indicate buy trades, while crosses below indicate sell trades.
Traders can follow these signals for intraday setups or short-term scalping opportunities.
Guide to Trade with Laguerre Filter Signal Indicator
Buy Rules
- Enter a buy when the candlestick crosses above the purple line
- Confirm with the trend direction or moving averages if desired
- Reverse the trade if the candlestick crosses back below the purple line
Sell Rules
- Enter a sell when the candlestick crosses below the purple line
- Confirm with the trend direction or moving averages if desired
- Reverse the trade if the candlestick crosses back above the purple line
Stop Loss
- For buys, place stops below the nearest swing low or support level
- For sells, place stops above the nearest swing high or resistance level
- Use tighter stops on M1–M5 charts for scalping
- Adjust stops according to volatility or ATR readings
Take Profit
- Target the next resistance level for buys and the next support for sells
- Exit fully if the purple line is crossed in the opposite direction
Practical Tips
- Use M1–M5 charts for scalping and M15–H1 for intraday trades
- Combine with trend filters, moving averages, or momentum indicators for stronger confirmation
- Focus on clear, well-defined candlestick patterns near the line for safer entries
MT4 Scalping Strategy Using Laguerre Filter Signal and Simple Arrow Scalper Indicators
This MT4 scalping strategy combines the Laguerre Filter Signal Indicator MT4 with the Simple Arrow Scalper Metatrader 4 Forex Indicator to capture quick and precise entries.
The Laguerre Filter confirms the market trend, showing bullish signals when the price is above the purple line and bearish signals when below.
The Simple Arrow Scalper provides exact buy and sell entries with blue and magenta arrows.
This combination is ideal for lower timeframes such as M1, M5, and M15 and works well for traders looking to scalp small moves in fast markets.
Buy Entry Rules
- Ensure the price is above the purple line on the Laguerre Filter Signal Indicator, indicating a bullish trend.
- Wait for the Simple Arrow Scalper to display a blue arrow.
- Enter a buy trade at the close of the signal candle.
- Place the stop loss a few pips below the most recent swing low.
- Close the trade when a magenta arrow appears, signaling a potential reversal.
Sell Entry Rules
- Ensure the price is below the purple line on the Laguerre Filter Signal Indicator, indicating a bearish trend.
- Wait for the Simple Arrow Scalper to display a magenta arrow.
- Enter a sell trade at the close of the signal candle.
- Place the stop loss a few pips above the most recent swing high.
- Close the trade when a blue arrow appears, signaling a potential reversal.
Advantages
- Combines trend confirmation and precise entry signals for higher probability trades.
- Works on lower timeframes for fast scalping.
- Arrow reversal exit allows capturing profits without guessing take profit levels.
- Flexible for multiple currency pairs and active market sessions.
Drawbacks
- Requires attention since exits depend on arrow reversals.
- Stop loss placement is essential to avoid being stopped out early in volatile moves.
- Scalpers need discipline to wait for both indicators to confirm before entering.
Case Study 1 – GBP/JPY
On the GBP/JPY M5 chart, the price was above the purple line on the Laguerre Filter, indicating a bullish trend.
A blue arrow appeared on the Simple Arrow Scalper, triggering a buy entry at 178.50 with a stop loss at 178.35.
The trade was closed when a magenta arrow appeared at 178.75, netting 25 pips in 15 minutes.
This shows how trend confirmation combined with precise arrows can improve scalp accuracy.
Case Study 2 – EUR/USD
On the EUR/USD M15 chart, the price dropped below the purple line on the Laguerre Filter, confirming a bearish trend.
A magenta arrow appeared on the Simple Arrow Scalper, prompting a sell entry at 1.1060 with a stop loss at 1.1070.
The trade closed when a blue arrow appeared at 1.1035, achieving 25 pips profit in 20 minutes.
This demonstrates how using both indicators together can capture short-term profitable moves.
Strategy Tips
- Use this strategy during active market sessions such as London and New York for better scalp opportunities.
- Focus on currency pairs with high volatility for faster moves.
- Always wait for both the Laguerre Filter and the arrow signal to confirm before entering a trade.
- Exiting on arrow reversal helps maximize profits without needing fixed take profit levels.
- Consider combining with volume or momentum indicators for additional confirmation in volatile markets.
Download Now
Download the “laguerre filter.mq4” indicator for Metatrader 4
FAQ
Can I use this indicator for M1–M5 scalping?
Yes. The Laguerre Filter works well on M1–M5 charts for quick scalping trades. Follow candlestick crosses of the purple line for rapid entries.
How should I set a stop loss for M1–M5 scalping?
Place stops just below the previous minor swing low for buys, and just above the minor swing high for sells. Keep stops tight to suit fast-moving charts.
What is the ideal take profit for scalping?
Target small levels of 5–15 pips, or exit when the candlestick crosses the purple line in the opposite direction. Partial exits at nearby support/resistance are recommended.
Should I confirm the trend on M1–M5 charts?
Yes. Use a higher timeframe trend filter, moving average, or momentum indicator to avoid false signals during sideways markets.
Which currency pairs are best for scalping?
High-liquidity pairs like EUR/USD, GBP/USD, and USD/JPY perform best. Avoid low-volume pairs, especially during off-session hours.
When is the best time to scalp with this indicator?
The best scalping sessions are in London and New York, when volatility and liquidity are high for faster, more reliable signals.
Summary
The Laguerre Filter Signal Indicator for MT4 provides clear purple line signals for directional trades.
Candlestick crosses above the line indicate buys, and crosses below indicate sells, making it simple to follow the trend.
It is generally good for intraday trading on M15–H1 charts and can also be applied to M1–M5 charts for scalping.
Traders can target nearby support or resistance levels for take profit and use swing points for stop loss placement.
Combining the indicator with trend or momentum confirmation tools improves accuracy and risk management.
The Laguerre Filter is a practical and versatile tool for traders seeking reliable short-term and intraday trade signals.
