Laguerre Volume Indicator (MQL5) for MT5 FREE DOWNLOAD

In the realm of financial trading, volume analysis plays a pivotal role in understanding market dynamics and making informed trading decisions. The Laguerre Volume Indicator for MT5 is a powerful tool designed to enhance volume analysis by applying Laguerre filtering techniques. In this article, we will explore the features of the Laguerre Volume Indicator, understand its significance, and learn how to download and utilize it for free on the MT5 platform.


Volume, often referred to as the “lifeblood” of the market, provides crucial insights into the strength and sustainability of price movements. The Laguerre Volume Indicator builds upon this concept by incorporating Laguerre filtering, a mathematical technique that effectively filters out noise and highlights significant trends in volume data.

Understanding the Laguerre Volume Indicator

The Laguerre Volume Indicator operates by applying Laguerre filtering to volume data, resulting in a smoothed representation of volume trends. This smoother depiction allows traders to better identify shifts in volume and potential changes in market sentiment. By filtering out market noise, the indicator offers a clearer view of volume movements and their impact on price action.

Key Features of the Laguerre Volume Indicator for MT5

  1. Laguerre Filtering: The core feature of the indicator, Laguerre filtering, enhances the visibility of volume trends by reducing noise and emphasizing meaningful patterns.
  2. Smoothed Volume Histogram: The Laguerre Volume Indicator displays a histogram that represents the smoothed volume data. This histogram offers a more user-friendly visualization of volume trends.
  3. Color-Coded Bars: The histogram bars are color-coded to indicate increasing or decreasing volume, enabling traders to quickly assess volume dynamics.
  4. Customizable Parameters: Traders can adjust the sensitivity of the Laguerre Volume Indicator by modifying input parameters to suit their trading preferences and strategies.

How to Download the Laguerre Volume Indicator for MT5

To access and utilize the Laguerre Volume Indicator on your MT5 trading platform, follow these simple steps:

  1. Locate a trusted online source that offers free MT5 indicators.
  2. Download the Laguerre Volume Indicator file to your computer.
  3. Launch your MT5 platform.
  4. From the “File” menu, select “Open Data Folder.”
  5. Navigate to the “MQL5” directory and locate the “Indicators” folder.
  6. Copy and paste the downloaded Laguerre Volume Indicator file into the “Indicators” folder.
  7. Restart your MT5 platform.
  8. You will now find the Laguerre Volume Indicator listed in the “Navigator” window, under the “Indicators” section.

How to Use the Laguerre Volume Indicator

Incorporating the Laguerre Volume Indicator into your trading analysis is straightforward:

  1. Open the price chart of the desired financial instrument.
  2. Drag and drop the Laguerre Volume Indicator from the “Navigator” window onto the chart.
  3. Observe the color-coded histogram bars. Green bars indicate increasing volume, while red bars represent decreasing volume.
  4. Analyze the smoothed volume trends to identify potential shifts in market sentiment and confirm price movements.
  5. Combine the insights from the Laguerre Volume Indicator with other technical tools and analysis methods to make well-informed trading decisions.


The Laguerre Volume Indicator for MT5 offers traders a refined approach to volume analysis by applying Laguerre filtering techniques. By smoothing out volume data and highlighting significant trends, the indicator enables traders to make more accurate assessments of market dynamics.

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