KalmanFilterStDev - MetaTrader 5 Script | Forex Indicators Download - MT4/MT5 Resources
This Kalman filter has an additional trend strength indication indicator using colored points based on the standard deviation algorithm.
If the standard deviation of the Kalman filter indicator lies between the dK1 and dK2 parameter values, a small colored dot appears on the moving average. Its color corresponds to the current trend direction.
Enter double dK1= 1.5 ; // square law filter coefficient 1 Enter double dK2= 2.5 ; // square law filter coefficient 2
If the standard deviation is higher than the dK2 input parameter value, the point size increases. Therefore, we get 3 levels of trend strength indication:
Figure 1. Kalman filter StDev indicator
Attachment download
📎kalmanfilterstdev.mq5 (15.33 KB)
Source: MQL5 #13900
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