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.
MT4 Day Trading Strategy Using Laguerre Volume and Silver Trend Indicators
This MT4 day trading strategy combines the Laguerre Volume Forex Indicator MT4 with the Silver Trend Metatrader 4 Forex Indicator to identify high-probability trades during the day.
The Laguerre Volume indicator generates buy signals when it crosses back above 0.05 from below and sell signals when it crosses below 1.05 from above.
The Silver Trend indicator confirms the overall trend, with blue candlesticks for bullish trends and red candlesticks for bearish trends.
This strategy is ideal for M15, M30, and H1 timeframes, perfect for day traders seeking strong trend-based setups.
Buy Entry Rules
- Confirm that the Silver Trend candlesticks are blue, indicating a bullish trend.
- Wait for the Laguerre Volume indicator to cross back above 0.05 from below.
- Enter a buy trade at the close of the confirming candle.
- Set the stop loss below the most recent swing low.
- Set take profit at a risk-reward ratio of 1:2 or close partially at the next resistance level.
Sell Entry Rules
- Confirm that the Silver Trend candlesticks are red, indicating a bearish trend.
- Wait for the Laguerre Volume indicator to cross back below 1.05 from above.
- Enter a sell trade at the close of the confirming candle.
- Set the stop loss above the most recent swing high.
- Set take profit at a risk-reward ratio of 1:2 or close partially at the next support level.
Advantages
- Combines trend confirmation with volume-based signals for high-probability trades.
- Works well on multiple intraday timeframes.
- Clear entry and exit rules make it suitable for disciplined day trading.
- Helps traders avoid counter-trend trades by confirming the main trend.
Drawbacks
- Requires attention to both indicators for confirmation, especially during fast market moves.
- Stop loss must be adjusted properly to avoid early exits during minor retracements.
- Not ideal for extremely short-term scalping.
Example Case Studies
Case Study 1 – EUR/USD
On the EUR/USD M30 chart, the Silver Trend candlesticks turned blue, indicating an uptrend.
The Laguerre Volume indicator crossed back above 0.05 from below, triggering a buy entry at 1.1050 with a stop loss at 1.1035.
The price moved to 1.1080, reaching the take profit level for a gain of 30 pips within a few hours.
This trade illustrates how trend and volume confirmation together can produce reliable intraday entries.
Case Study 2 – GBP/JPY
On the GBP/JPY H1 chart, the Silver Trend candlesticks turned red, confirming a downtrend.
The Laguerre Volume crossed below 1.05 from above, triggering a sell entry at 178.50 with a stop loss at 179.00.
The trade closed at 177.90, capturing 60 pips in a day.
This example shows how combining trend direction with volume-based signals can produce profitable day trading setups.
Strategy Tips
- Focus on active trading sessions such as London and New York for stronger moves.
- Use currency pairs with higher volatility to maximize intraday opportunities.
- Always wait for both the Laguerre Volume signal and Silver Trend confirmation before entering.
- Adjust stop loss according to recent swing highs/lows to manage risk effectively.
- Partial profit-taking at key levels can help lock gains while allowing the trade to run.
Download Now
Download the “LaguerreVolume.mq4” indicator for Metatrader 4
