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Laguerre Envelopes MT5


Laguerre Envelopes is a well-known indicator, only
the Laguerre moving average algorithm serves as the basis for building lines. This gives some
advantage in less lag and reduced noise.

  • gamma-smoothing coefficient
  • Shift – shift
  • Applied_Price – price type
  • Filters Qty – the number of filters from 1 to 10. The more filters, the greater the anti-aliasing.
  • Deviation – channel width

The indicator is used based on the statement that the price often
returns to its normal value even after a strong movement, which is
caused by excessive pressure from the bulls or bears. In other
words, the price is in a balanced
state for a greater amount of time, and sellers or buyers only temporarily bring it out
of balance.

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