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Laguerre is a trend direction indicator that was uses a single-line oscillator display

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Laguerre

Laguerre is a trend indicator for MT4 and MT5 coded by EarnForex.com. It was originally developed by Emerald King for MetaTrader 4 platform. It is based on a continuous moving average of the price with multiple exponential elements.

Laguerre can be used either as a level indicator to spot trend reversals or as a divergence indicator.

Laguerre identifies some trend change signals on this hourly EUR/USD chart

More information about this custom MetaTrader indicator is available here: https://www.earnforex.com/metatrader-indicators/Laguerre/

Any contributions to the code are welcome!