MT4 Laguerre PPO (Percentage Price Oscillator) Reversal Indicator

Hi Traders,

Please see attached for the latest version of Laguerre PPO which was coded by our very own Administrator/Founder Mladen.

Features:

• Adjustable colours
• Adjustable bar width
• Orange and Green warn of a possible chance of reversal
• Red and Lime Green warn of an extreme chance of reversal
• Alerts

Tip: I have personally used this indicator for live counter-trend trading on the M15 charts in the past. It's a good indicator for beginners as beginners tend to counter-trend trade but rarely have success with traditional technical indicators such as the RSI and CCI.

I have backtested the Laguerre using 5 years of data and in 97% of trades entered on the extreme signals (Red and Lime Green), all followed through with the reversal (eventually) but on several occasions there were times that drawdown was for 24 hours and up to 100 pips+. So if you have the patience and you're not using huge leverage, this is a very solid indicator.

And a mtf version of that PPO  (price percentage oscillator)

Jimmy posted mq5,mntiwana posted mq4

is that okay ?   

armchairtycoon wrote:Jimmy posted mq5,mntiwana posted mq4
is that okay ?   

I posted an MT4 version.

Hi Sir.. which pair you did the bactest.. EU?

Kantan wrote:Hi Sir.. which pair you did the bactest.. EU?

Hi Kantan
You are Welcome here thanks for joining us
plz explain your query which of back test you talking about ?
regards

A post by Jimmy.. he said that on the 1st post

Kantan wrote:A post by Jimmy.. he said that on the 1st post

that is a demonstration picture with default parameters how indicator looks like,not a back test or final adjustment,every user have to adjust/fit it according to his/her strategy ... (sorry no her till now)

As requested via PM here is the Lagguerre PPO fixed for MT4 1090.

For the Jurik Smoothed version please see: Jurik PPO Laguerre.

Jimmy wrote: Sat Jan 06, 2018 10:26 pm As requested via PM here is the Lagguerre PPO fixed for MT4 1090.


EURUSDM15PPO.png
Laguerre PPO 1.06 1090 fix.mq4

BESTT!!! THANK U