Laguerre Osc 3 AM

The indicator displays in the form of a histogram the difference between the current price and the price for the previous period.

A similar method of market analysis is used in the classic Momentum indicator.

At the same time, the presented indicator uses the primary data smoothing by the Laguerre filter, which allows maintaining the sensitivity of the indicator and minimizing the "noise".

The indicator signals are:

• Histogram crossing 0.
• Change of signal line direction.

The histogram crossing the 0 value is the main signal and indicates an immediate change in the direction of price movement.

A change in the direction of the signal line is an additional signal that allows you to identify a change in the direction of price movement in the near future.

Both the main and additional signals require confirmation in the form of the price breaking the high/low of the bar on which the signal was sent.

Indicator parameters:

• Momentum_price - price used for analysis;
• Gamma - filter parameter;
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• Momentum_smoothing - primary smoothing of the indicator;
• Momentum_smoothing_method - method of primary smoothing of the indicator;
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• Signal_line_smoothing - signal line smoothing;
• Signal_line_smoothing_method - signal line smoothing method.