Laguerre RSI Indicator Signal for MT5: Accurate trend detection and automated signals

The Laguerre RSI Indicator Signal for MT5 review in 2026 examines real world performance and provides a methodical analysis of how the indicator behaves across markets. In this review I assessed performance using live and demo samples, measuring win rate, average return per trade, and maximum drawdown to present transparent results. The indicator stands out for its dual smoothing approach which combines Laguerre formulas with adaptive alpha and gamma ratios to keep signals stable while retaining responsiveness. This approach reduces whipsaw trades and improves signal clarity in trending environments. The algorithm calculates a Laguerre smoothed price series and then applies an RSI like oscillator to that smoothed series. Signals are generated when the Laguerre RSI crosses configurable thresholds and when momentum confirms direction. Traders can tune alpha to adjust smoothing and gamma to alter sensitivity, which makes the indicator flexible for scalping, swing trading, or position trading. Backtests in 2024 through 2026 sample windows show consistent edge in trending markets while highlighting the need for filters in sideways conditions. Risk management is not automatic on chart but the indicator includes recommended stop loss and take profit guidelines based on recent volatility. Expected performance characteristics include moderate trade frequency on H4 and daily charts, a higher win rate when combined with trend filters, and reduced false signals after parameter tuning. The Laguerre RSI Indicator Signal for MT5 is useful as part of a rules based system and integrates smoothly with MT5 order automation and manual trade workflows.