OPEN-SOURCE SCRIPT
Kalman Filter [Loxx]
Updated
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
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 selectionOpen-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 publication is governed by House rules. You can favorite it to use it on a chart.
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