
ALF Indicator
Platform: MT4 Type: Trend Last update: October 18, 2024The ALF indicator works in a similar manner to the Moving Average indicator. In fact, the ALF abbreviation stands for Adaptive Laguerre Filter.
The way that trading signals are generated is based on crossovers between candles and the ALF . When a candle closes above the ALF line in an uptrend market – it is a long signal. Conversely, when a candle closes below the blue line in a downtrend market – it is a short signal.
Example chart:
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