Real author:

Emerald King , MTE&I

The ROC indicator smoothed by Laguerre filter drawn as a color histogram.

Indicator input parameters:

input uint vPeriod=5;                 // Period
input double gamma=0.500;             // Averaging factor                
input double UpLevel=0.75;            // Overbought level in %
input double DnLevel=0.25;            // Oversold level in %
input color UpLevelsColor=clrMagenta; // Color of the overbought level
input color DnLevelsColor=clrMagenta; // Color of the oversold level
input STYLE Levelstyle=DASH_;         // Style of levels
input WIDTH  LevelsWidth=Width_1;     // Width of levels
input int  Shift=0;                   // Horizontal shift of the indicator in bars

Originally this indicator has been written in MQL4 and was first published in the Code Base at mql4.com on 12.10.2007.

Figure 1. The Laguerre_ROC indicator