Description
The Swami Laguerre Trend study is a technical indicator designed for Thermo Mode; it is used for trend detection and whipsaw reduction. Like in all Thermo Mode specific studies, shorter lookback periods reflect recent changes, middle range periods are used for confirmation, and the longest ones signify possibility of continuation.
In default color scheme, green areas indicate uptrend and red areas indicate downtrend. As the study name implies, trend detection is performed using Laguerre polynomial filters.
Input Parameters
| Parameter | Description |
|---|---|
length
|
The number of bars used in calculations. |
Plots
| Plot | Description |
|---|---|
Laguerre
|
The Swami Laguerre Trend plot used in Thermo Mode. |
Example*
*For illustrative purposes only. Not a recommendation of a specific security or investment strategy.