The Kalman Filter Signal indicator for Metatrader 5 is based on the Kalman trading method and prints a buy/sell trend-following signal line on the chart.
The indicator follows the trend and is always active in the currency market, either with a buy or sell trade.
Trading with the Kalman indicator is extremely easy, even for newbies:
- A green colored line is a buy signal.
- A red colored line is a sell signal.
For scalpers, the Kalman Filter Signal indicator performs the best on the low spread FX pairs during the most volatile trading sessions.
The indicator contains the following inputs and parameters: period and smoothing ratio, price, and style.
First, familiarize yourself with this technical indicator and test it on a demo account.
It supports all time frames and Forex pairs.
Free Download
Kalman filter (generalized).mq5 Indicator (MT5)
Chart Example
The following chart shows what the Kalman Filter Signal Forex indicator looks like when applied to the MT5 chart.
How To Buy And Sell Forex Pairs With The Kalman Filter Signal Forex Indicator?
Find a simple trading example below:
Buy Signal
- A green colored Kalman signal line indicates a bullish trend.
- Open a buy trade and set your initial stop loss below previous swing support.
- Close the buy trade for a fixed take profit, or hold the trade until the red Kalman line appears on the chart.
Sell Signal
- A red colored Kalman signal line indicates a bearish trend.
- Open a sell trade and set your initial stop loss above previous swing resistance.
- Close the sell trade for a fixed take profit, or hold the trade until the green Kalman line appears on the chart.
