OPEN-SOURCE SCRIPT

ZLEMA Zero lag EMA with Kalman filter [Morty]

This indicator plot 3 Kalman filter zero lag EMA lines. It has less lag and is also smoother than the original EMA.

It also has an option to show the crossover of two EMAs.

snapshot
cryptoCryptocurrencyExponential Moving Average (EMA)kalmanMoving AveragesSmoothed Moving Average (SMMA)Zero Lag Exponential Moving Average (ZLEMA)

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 publication is governed by House rules. You can favorite it to use it on a chart.

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