OPEN-SOURCE SCRIPT
Leap Kalman
The Leap Kalman is designed to enhance trend detection and reduce market noise. It applies a Kalman filter to smooth price data, improving the reliability of signals. The indicator integrates **Rate of Change (ROC)** to measure momentum and a **Stochastic Oscillator** to identify overbought or oversold conditions. Additional smoothing techniques help refine signals, making it particularly useful for **mean reversion strategies** and detecting **dips and reversals**. This makes it an effective tool for traders looking to **capitalize on short-term inefficiencies** in crypto markets, especially in pair trading and spread-based strategies.
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.
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