Kalman Filter [Loxx]

Kalman filter is a recursive algorithm that has been invented in the 1960s to track a moving target, remove any noisy measurements of its position and predict its future position. In finance, KF has been used by the asset management industry for various purposes. KF is an optimal choice in many cases and do at least better than a moving average smoothing.

A port of Kalman filter - indicator for MetaTrader 4

Added color change based on whether velocity is over/under 0

Release Notes

Updated to allow for multiple timeframes and gap selection

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

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Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

loxx

Public Telegram Group, t.me/algxtrading_public

VIP Membership Info: patreon.com/algxtrading/membership

Also on:

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