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 f.saeidi, Today, 05:56 AM
|
2 responses
8 views
0 likes
|
Last Post Today, 07:17 AM | ||
Started by Pattontje, Yesterday, 02:10 PM
|
2 responses
35 views
0 likes
|
Last Post
by Pattontje
Yesterday, 11:49 PM
|
||
Started by xiinteractive, 04-09-2024, 08:08 AM
|
7 responses
27 views
0 likes
|
Last Post Today, 07:14 AM | ||
Started by Skifree, Today, 03:41 AM
|
2 responses
8 views
0 likes
|
Last Post Today, 07:14 AM | ||
Started by trimpy, Today, 04:38 AM
|
1 response
7 views
0 likes
|
Last Post Today, 07:09 AM |
Comment