This indicator is to be used along side WickedRenko bars, it predicts where the next bar is going to take form, it is similar to RenkoPrice indicator that does the same for the standard ninjatrader renko bars.
User Submitted App Features: NinjaTrader 8 Compatible
Kalman Filter Line – Smarter Moving Average
Kalman Filter Line: Blue
EMA: Green
SMA: Gold
The Kalman Filter Line is a NinjaTrader indicator that applies a 1D Kalman filter to smooth price data, dynamically adjusting its responsiveness using autocorrelation of recent prices and ATR-based volatility scaling, offering a more adaptive alternative to traditional moving averages.
This forces the indicator to calculate OnBarClose, even if the user selects a different option. This is to prevent the filter to be overly sensitive to the current price.
Base Q (Process Noise): turn it up to make the line react faster to new price moves; turn it down to damp whipsaws.
Base R (Measurement Noise): turn it up to get a smoother, more stable line; turn it down to let raw price data influence the filter more strongly.