Adaptive Laguerre Filter

Adaptive Laguerre Filter (ALF)

Creator Adaptive filter Laguerre (Adaptive Laguerre Filter (ALF) is famous Dzhon Elers. ALF based on the filter Laguerre. The difference is that the ALF applies variable coefficient gamma. In other words, the filters used to track previous bars are different. Similarly, ALF more closely monitoring the changes of the market during the upward or downward trend, than during the flat.

The ability to quickly adapt the indicator gives it an advantage over other indicators.

How to trade with the adaptive filter Laguerre:

1. Buy signal:
   Buy when the price rises above the ALF line


2. Signal to buy:Sell ​​when the price falls below the ALF line
   important note: Not traded at a horizontal line ALF.

settings:

• Look-back: the number of scanned bars in the past.


• Median: averaging parameter (smoothness).


• Price Type: types of prices are 7 set of values ​​used to calculate the average prices:
  PRICE_CLOSE, PRICE_OPEN, PRICE_HIGH, PRICE_LOW, PRICE_MEDIAN, PRICE_TYPICAL, PRICE_WEIGHTED


• Color: the color of the indicator line.