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The indicator analyzes the divergence of the current price with the laguerre filter data.
Indicator signals:
- Blue dot – short-term transactions to buy an asset are allowed.
- Red dot – short-term transactions to sell the asset are allowed.
- A big blue signal – if the price breaks the high of the bar on which the signal was given – a medium-term buy trade is opened.
- A big red signal – if the price breaks the low of the bar on which the signal was given – a medium-term sell trade is opened.
The indicator does not re-paint on formed bars.
To confirm the indicator signal, wait till the price exceeds the High (for buying) or Low (for selling) of the bar, at which the indicator changed its color.
The indicator is easy to apply and configure.
It can be used as an element of any trend-following strategy.
Configured parameters:
- T_Price – price for trend calculation;
- D_Price – current price against which the trend is compared;
- Gamma – indicator sensitivity parameter.
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