The Laguerre Volume Indicator is a popular and useful forex indicator that can be used on the MT4 platform. This indicator is widely used by traders to analyze the volume of a trading instrument. The indicator is based on John Ehler’s Laguerre RSI formula, which is designed to filter out market noise and provide accurate signals. It is a free indicator that can be easily downloaded and integrated into your trading platform. The Laguerre Volume Indicator works by calculating the relative strength of volume activity over a certain period of time. When the indicator crosses above the zero line, it indicates increasing volume, while crossing below the zero line indicates decreasing volume. Traders can use this information to confirm the strength of a trend or potential reversals in the market. In conclusion, the Laguerre Volume Indicator is a valuable tool for forex traders looking to analyze volume trends in the market.
MT4
Laguerre Volume
The Laguerre Volume Indicator for MT4 is a popular and useful forex indicator that is free to use. It works by measuring the strength of a trend and can help traders identify potential reversals. To use the indicator, simply add it to your MT4 platform and look for signals when the indicator crosses certain levels. It is a valuable tool for forex traders looking to improve their trading strategies.
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How to Install
How install MT4/5 indicator in the terminal?
To install an MT4/5 indicator in the terminal, follow these steps:
Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.
Open the MT4/5 terminal and click on “File” in the top left corner.
Select “Open Data Folder” from the dropdown menu.
In the window that opens, double-click on the “MQL4/5” folder.
Double-click on the “Indicators” folder.
Drag and drop the indicator file from your computer into the “Indicators” folder.
Close the data folder window and restart the MT4/5 terminal.
The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.
Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.
And if asks to confirm DLL?
If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.
DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.
If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.
It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.
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