OPEN-SOURCE SCRIPT
Laguerre True Range
A ribbon of 18 Laguerre Filters with separate Gamma values is calculated. To see them enable "Draw Ribbon"
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.
Original by DonovanWall![Laguerre Multi-Filter [DW]](https://s3.tradingview.com/j/JwaPW9af_mid.png)
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.
Original by DonovanWall
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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