Laguerre Volume Indicator
Platform: MT5 Type: Volatility Last update: February 8, 2025The Laguerre Volume Indicator for MT5 performs volume analysis and uses the laguarre filter in order to recognize overbought and oversold levels and potential turning points in the market. In other words, this tool provides a clear and actionable view of market trends and a high likelihood of their exhaustions.
Example chart:
How to understand the laguerre volume mt5 indicator readings?
Unlike traditional oscillators, the laguerre volume indicator is not just about volume spikes or drops. Instead, the indicator analyzes strength and sustainability of volume trends, giving ideas and insights into potential reversals or continuations.
The best way to utilize this indicator is by combining price action analysis with extreme signals (above or below key levels). When such a setup is identified, traders can expect an upcoming reversal or at least a meaningful correction. However, it’s good to confirm these signals with additional price action patterns for better accuracy.
Authors of this gauge incorporated laguarre filter which results in reduced lag and noise in the signals.
Settings
When it comes to its settings, forex traders are allowed to adjust sensitivity (with default well-balanced value of 0.68) and also high, low, mid levels which are respectively 0.75, 0.5 and 0.25.
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