Laguerre Multi-Filter [DW]

This is an experimental study designed to identify underlying price activity using a series of Laguerre Filters.

Two different modes are included within this script:
-Ribbon Mode - A ribbon of 18 Laguerre Filters with separate Gamma values is calculated.
-Band Mode - An average of the 18 filters generates the basis line. Then, Golden Mean ATR over the specified sampling period multiplied by 1 and 2 are added and subtracted to the basis line to generate the bands.

Multi-Timeframe functionality is included. You can choose any timeframe that TradingView supports as the basis resolution for the script.

Custom bar colors are included. Bar colors are based on the direction of any of the 18 filters, or the average filter's direction in Ribbon Mode. In Band Mode, the colors are based solely on the average filter's direction.
Release Notes: Updates:
I've refined the script structure to improve efficiency and reduce runtime.

ATR is now eliminated within this script and has been replaced with Average Laguerre True Range, which is calculated by applying the average Laguerre filter to True Range. This eliminates the need to choose an arbitrary sampling period and delivers more effective results.
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Hi is it possible to add alerts to one of your new scripts?
+1 Reply
hi donovan, i was looking at the Metastock Xenith station when i noticed a plugin talking about Laguerre's filter. so did a search on TV and came across your take on it. it looks very promising as an additional filter to my method. i feel so good about it i decided to start testing it live next week. are you still using it on FX pairs? and is it helping you be consistently profitable?
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