Heikinashi laguerre

This Pine Script indicator called "Heikinashi Laguerre" combines the Heikin Ashi candlestick technique with the Laguerre Moving Average (Laguerre MA) to provide a smooth, trend-following trading tool. It is designed for traders to better identify trend direction, filter noise, and generate buy and sell signals with clear visual cues.

Trading description and usage of this combined approach:

Heikin Ashi Candles smooth price data by averaging price points, providing clearer visualization of trends with fewer false signals compared to traditional candlesticks. Bullish Heikin Ashi candles appear as translucent green and bearish as translucent black, helping traders spot uptrends and downtrends with greater clarity.

The Laguerre Moving Average (Laguerre MA) is an advanced type of moving average known for its responsiveness and smoothness, filtering out market noise while staying adaptive. Traders can adjust the sensitivity via the alpha parameter.

The indicator computes Heikin Ashi prices on a user-selected timeframe, independent of the chart’s timeframe, allowing multi-timeframe analysis within the same chart.

Trend Identification and Filtering: The buy signal is triggered when the Heikin Ashi candle is bullish (close > open) and the price closes above the Laguerre MA, signaling a strong uptrend continuation. Conversely, the sell signal triggers when the Heikin Ashi candle is bearish (close < open) and the price closes below the Laguerre MA.

Visual aids on chart include:

Colored Heikin Ashi candles for immediate trend recognition.

Subtle background coloring to distinguish bullish (green) and bearish (red) trends.

Optional arrow markers to flag bullish and bearish candles.

Buy (green) and sell (red) labels placed below or above bars when their conditions are met, which helps recognize entry points easily.

Date Range Filter helps restrict signals to a specific trading period as defined by the user, offering customized historical or forward-looking trade analysis.

This fusion of Heikin Ashi candles and Laguerre MA is suited for traders looking for a balance between smoothing price data and maintaining timely trend responsiveness, typically useful in swing and trend-following strategies.