The KalmanFilter indicator with additional trend strength indication using colored dots based on the standard deviation algorithm.
If the standard deviation of the KalmanFilter indicator is between the dK1 and dK2 parameter values, then a small colored dot appears on the moving average. Its color corresponds to the current trend direction.
input double dK1=1.5; // Square-law filter coefficient 1
input double dK2=2.5; // Square-law filter coefficient 2
If the standard deviation becomes higher than the dK2 input parameter value, then the dot size increases. Thus, we get 3 levels of trend strength indication:
- Weak — no dots;
- Medium — small colored dots;
- Strong — big colored dots.
KalmanFilterStDev MT5 Indicator – Download Instructions
In order to transform accumulated history data, you need to install a MetaTrader 5
KalmanFilterStDev – it is a MetaTrader 5 indicator that allows you to detect several changes and dynamics in price that many traders can’t estimate or see without an indicator, which highlights its essence and usage.
Accordingly, traders can draw conclusions and make estimates about how the prices will change based on the information they have and then they can modify their strategy for better trading.
How to install KalmanFilterStDev indicator for MetaTrader 5.mq5?
Download indicator for MetaTrader 5.mq5Copy KalmanFilterStDev to Directory / experts / indicators /
Start or restart your Metatrader 5 Client
Select Chart and Timeframe where you want to test your mt5 indicator
Search “Custom Indicators” in your Navigator mostly left in your Metatrader 5 Client
Right click on KalmanFilterStDev for MetaTrader 5.mq5
Attach to a chart
Modify settings or press ok
now indicator for MetaTrader 5.mq5 is available on your Chart
How to remove KalmanFilterStDev Indicator for MetaTrader 5.mq5 from your Metatrader 5 Chart?
Select the Chart where is the Indicator running in your Metatrader 5 ClientRight click into the Chart
“Indicators list”
Select the Indicator and delete
Related Indicator: KalmanFilter HTF Metatrader 5 Forex Indicator
Download KalmanFilterStDev MetaTrader 5 Forex IndicatorDOWNLOAD INDICATOR