MT4 Lagguerre PPO (Price Percentage Oscillator) Reversal Indicator

#1
MT4 Lagguerre PPO (Price Percentage Oscillator) Reversal Indicator

Hi Traders,Please see attached for the latest version of Laguerre PPO which was coded by our very own Administrator 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 Lagguerre 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.
EURUSDM15.png
Laguerre PPO 1.05.mq4
(16.85 KiB) Downloaded 859 times
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click here to begin live trading, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
How to draw Fibonacci Extensions the easy way
How to easily find & draw major Support & Resistance


Re: MT4 Lagguerre PPO (Price Percentage Oscillator) Reversal Indicator

#4
armchairtycoon wrote:Jimmy posted mq5,mntiwana posted mq4

is that okay ?   
I posted an MT4 version.
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click here to begin live trading, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
How to draw Fibonacci Extensions the easy way
How to easily find & draw major Support & Resistance


Re: MT4 Lagguerre PPO (Price Percentage Oscillator) Reversal Indicator

#8
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)
Indicator is just a tool.

Use it only if it can benefit you. Leave it if you don't know how to use it optimally.

Re: MT4 Lagguerre PPO (Price Percentage Oscillator) Reversal Indicator

#9
As requested via PM here is the Lagguerre PPO fixed for MT4 1090.

EURUSDM15PPO.png
Laguerre PPO 1.06 1090 fix.mq4
(24.46 KiB) Downloaded 1223 times
Trade with the broker that supports our work! FBS are offering $140 to get you started! Click here to begin live trading, today.
No commissions are earned by Forex-station.


Guide to the "All Averages" Filters (ADXvma, Laguerre etc.) 🆕
How to draw Fibonacci Extensions the easy way
How to easily find & draw major Support & Resistance


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