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 George21, Today, 10:07 AM
|
0 responses
4 views
0 likes
|
Last Post
by George21
Today, 10:07 AM
|
||
Started by Stanfillirenfro, Today, 07:23 AM
|
8 responses
23 views
0 likes
|
Last Post Today, 10:02 AM | ||
Started by DayTradingDEMON, Today, 09:28 AM
|
2 responses
16 views
0 likes
|
Last Post Today, 09:56 AM | ||
Started by navyguy06, Today, 09:28 AM
|
1 response
6 views
0 likes
|
Last Post Today, 09:54 AM | ||
Started by cmtjoancolmenero, Yesterday, 03:58 PM
|
8 responses
32 views
0 likes
|
Last Post Today, 09:34 AM |
Comment