Laguerre is a trend indicator for MT4/MT5/cTrader 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. You can run it in a multi-timeframe (MTF) mode to see higher timeframe indicator plot directly in your lower timeframe chart.

It supports all types of alerts and arrows.

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

Any contributions to the code are welcome!