The Laguerre Volume Indicator is a useful and popular free Forex indicator for the MT4 platform. This indicator works by combining the Laguerre filter and the volume of a currency pair. The indicator uses a weighting factor to calculate the volume, which is then filtered through the Laguerre filter. The result is an indicator that is able to identify the strength of the volume and the direction of the market. The Laguerre Volume Indicator is a great tool for traders who want to identify potential market movements and make better trading decisions. The Laguerre Volume Indicator works by taking the volume of a currency pair and applying a weighting factor to it. This weighting factor is used to calculate the volume of the currency pair. The result is then filtered through the Laguerre filter. This filter helps to identify the strength of the volume and the direction of the market. The indicator also takes into account the momentum and the volatility of the market. The Laguerre Volume Indicator is a great tool for traders who want to identify potential market movements and make better trading decisions. The indicator is free and easy to install on the MT4 platform. Once installed, the indicator can be used to identify potential market movements and make better trading decisions.
MT4
Laguerre Volume
The Laguerre Volume Indicator is a useful and popular Forex indicator that can be used for MT4 trading. The indicator works by measuring the volume of a currency pair and applying the Laguerre filter to it. This helps to identify the trend direction and the strength of the trend. With the help of the Laguerre Volume Indicator, traders can make more informed decisions and increase their chances of success in the Forex market.
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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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