Theory:
If you’re diving into the Kalman Filter Velocity, you might want to check out this article. Essentially, the Kalman filter is designed to calculate what we refer to as velocity, which acts like a smoothed momentum indicator. What sets this version apart is its multi-time frame capability.
This multi-time frame version includes three additional higher time frames that go beyond the standard options available in MetaTrader 5:
- First higher time frame (the first time frame above your current chart)
- Second higher time frame (the second time frame above your current chart)
- Third higher time frame (the third time frame above your current chart)
Usage:
Keep an eye on the color changes; they serve as signals for potential trading opportunities.
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