Laguerre Oscillator is a well-known indicator from the group of oscillators. John Ehlers described this price smoothing algorithm in his book “Cybernetic Analysis of the Stock and Futures Markets”. Excellent smoothing with the use of very short filters, makes it possible to create good indicators on very short-term data. Using short-term data means that we can make the indicators more sensitive to price changes, this helps to reduce the reaction time to open a position, and reducing the delay, accordingly, has a positive effect on the profitability of your trade.

• gamma anti-aliasing coefficient
• appliced_price price type
• Filters Qty the number of filters is from 1 to 10, the more filters, the more anti-aliasing.

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The Laguerre Oscillator indicator is usually used for buying after the bottom-up line crosses the 20% level, and for selling after the price crosses the top-down level of 80%. But, as with a regular oscillator, you can also create more complex trading rules.