Announcement
Collapse
No announcement yet.
Partner 728x90
Collapse
NinjaTrader
Ichimoku Kinko Yuo
Collapse
X
-
Re-posting this from another thread in case anyone is using the indicator linked in post #29:
The calculations of the indicator you linked have an error in them I believe.
The correct calculation for Tenkan Sen is (Highest High + Lowest Low) / 2 for the last 9 (default) bars.
The calculation the indicator is using is:
TenkanSen.Set((MAX(Fast)[0] + MIN(Fast)[0])* 0.5);
which translates to (Highest Close + Lowest Close) / 2 which of course is not the same thing.
The correct calculation for Tenkan Sen is:
TenkanSen.Set((MAX(High, Fast)[0] + MIN(Low, Fast)[0])* 0.5);
The Kijun Sen calculation and Senkou Span B have the same error but are both also easily fixed.
Comment
Latest Posts
Collapse
Topics | Statistics | Last Post | ||
---|---|---|---|---|
Started by thread, 04-15-2024, 11:58 PM
|
3 responses
48 views
0 likes
|
Last Post
by Georg1o
Today, 12:05 PM
|
||
Started by leojimenezp, 04-20-2024, 05:49 PM
|
4 responses
47 views
0 likes
|
Last Post
by leojimenezp
Today, 11:49 AM
|
||
Started by nicthe, Today, 09:24 AM
|
1 response
5 views
0 likes
|
Last Post
by nicthe
Today, 10:57 AM
|
||
Started by samish18, Today, 10:13 AM
|
0 responses
6 views
0 likes
|
Last Post
by samish18
Today, 10:13 AM
|
||
Started by kenz987, Yesterday, 10:20 AM
|
2 responses
13 views
0 likes
|
Last Post
by kenz987
Today, 10:13 AM
|
Comment