Laguerre RSI Ng Indicator for MT5 FREE DOWNLOAD


Successful trading in the financial markets demands a blend of expertise, strategy, and the right set of tools. Traders often rely on technical indicators to help them make well-informed decisions, and one such indicator that has gained prominence is the Laguerre RSI NG Indicator for MetaTrader 5 (MT5). In this article, we will delve into what the Laguerre RSI NG Indicator is, how it works, and where you can download it for free to enhance your trading experience.

Understanding the Laguerre RSI NG Indicator

The Laguerre RSI NG Indicator is a versatile technical analysis tool designed to assist traders in identifying overbought and oversold conditions in the market, as well as potential trend reversals. It combines elements of the Relative Strength Index (RSI) with Laguerre filter techniques to create a more responsive and accurate indicator.

How Does the Laguerre RSI NG Indicator Work?

The Laguerre RSI NG Indicator operates based on a unique algorithm that blends RSI calculations with Laguerre filtering. Here’s an overview of its key features and functionality:

  1. Laguerre Filtering: The indicator employs Laguerre filtering to smooth price data and reduce noise. This filtering process enhances the clarity of price movements, making it easier to identify trends and significant price reversals.
  2. Relative Strength Index (RSI): Like the traditional RSI, this indicator measures the relative strength of gains and losses over a specified period. However, it combines this RSI calculation with the Laguerre filter for improved responsiveness.
  3. Overbought and Oversold Levels: The Laguerre RSI NG Indicator often includes default overbought and oversold levels at 70 and 30, respectively. When the indicator crosses above 70, it suggests overbought conditions, potentially signaling a reversal or pullback. Conversely, when it falls below 30, it indicates oversold conditions, potentially signaling a buying opportunity.
  4. Customizable Parameters: Traders can typically customize the indicator’s parameters, such as the smoothing factor and the calculation method, to align it with their specific trading strategies.
  5. Signal Generation: The indicator generates buy and sell signals based on overbought and oversold conditions, as well as potential crossovers or divergences between the indicator and the price chart.

Where Can You Download it for Free?

Downloading the Laguerre RSI NG Indicator for MT5 is a straightforward process, as it is often available for free on various online trading forums and platforms. Here’s a step-by-step guide on how to download and install it:

  1. Online Search: Begin by searching online for “Laguerre RSI NG Indicator for MT5 free download.” You will find numerous sources offering this indicator.
  2. Select a Reputable Source: Choose a trusted source to download the indicator to ensure its authenticity and safety.
  3. Download the Indicator File: Once you’ve identified a reliable source, download the indicator file (usually in .ex4 or .mq5 format) to your computer.
  4. Install on MT5: Launch your MetaTrader 5 platform, go to ‘File’ > ‘Open Data Folder,’ and locate the ‘MQL5’ folder. Within the ‘MQL5’ folder, find the ‘Indicators’ folder and copy the downloaded .ex4 or .mq5 file into it.
  5. Restart MT5: Close and reopen your MetaTrader 5 platform to see the Laguerre RSI NG Indicator in the list of available indicators.
  6. Apply to Chart: To use the indicator, drag and drop it onto your trading chart. Adjust its parameters according to your trading strategy.


The Laguerre RSI NG Indicator for MetaTrader 5 is a valuable tool that can assist traders in identifying overbought and oversold conditions, potential trend reversals, and trading opportunities. Its unique combination of RSI calculations and Laguerre filtering provides traders with a more responsive and accurate indicator.

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