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This indicator displays the signals of a highly effective oscillator – laguerre Osc 2 am – on the price chart.
The presented indicator uses the Laguerre filter to build an oscillator.
The indicator has the possibility of double additional smoothing, which can be useful for small values of the Gamma parameter.
The indicator gives three types of signals:
- Exit of the oscillator from the overbought / oversold zone;
- The oscillator crossing the middle of the value between the overbought/oversold zones;
- The oscillator enters the overbought/oversold zone.
On fully formed candles, the indicator does not redraw.
Signals are also given on fully formed candles.
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