Zero mean normalized nonlinear Kalman filter - with floating levels - indicator for MetaTrader 5

Zero mean normalized nonlinear Kalman filter – with floating levels – indicator MetaTrader 5

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Theory :

This is an extended version of the zero mean normalized nonlinear Kalman filter (originally published here : Zero mean normalized Kalman filter). In addition to the original this version is having floating levels and 3 coloring modes for signals :

  • color change on slope
  • color change on outer (floating) levels cross
  • color change on middle (floating) level (sort of a “zero line”) cross

Usage :

You can use the color changes as signals


Zero mean normalized nonlinear Kalman filter – with floating levels – indicator MetaTrader 5
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Alternative:   buysell+sl+tp - script MetaTrader 5

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