Understanding the Kalman Filter Velocity Indicator for MetaTrader 5

Mike 2019.02.09 02:03 37 0 0
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Theory:

The Kalman Filter Velocity Indicator is a modified version of the traditional Kalman Filter. You can find the original Kalman Filter here. This indicator highlights one of the key intermediate calculations, making it valuable on its own. Essentially, it displays the velocity component—think of it as a momentum indicator derived from the Kalman filter.

Usage:

Traders can utilize the color changes in this indicator as potential buy or sell signals.


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