The Laquerre indicator is among the best forex oscillators on the currency market today. It oscillates between 2 extreme levels, 0 and 1.05. Oversold level: 0.15, overbought level: 0.75. In uptrends, look to go long at 0.15 or below. In downtrends, look to go short at 0.75 or above. Works for any currency pair and time frame.
Download link: Click here to download the Laguerre.ex4 indicator
Laquerre Chart Example (EURUSD D1)
Platform: Metatrader 4
Indicator type: Oscillator