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 ZenCortexCLICK, Today, 04:58 AM
|
0 responses
5 views
0 likes
|
Last Post Today, 04:58 AM | ||
Started by sidlercom80, 10-28-2023, 08:49 AM
|
172 responses
2,280 views
0 likes
|
Last Post
by sidlercom80
Today, 04:40 AM
|
||
Started by Irukandji, Yesterday, 02:53 AM
|
2 responses
17 views
0 likes
|
Last Post
by Irukandji
Today, 03:55 AM
|
||
Started by adeelshahzad, Today, 03:54 AM
|
0 responses
5 views
0 likes
|
Last Post
by adeelshahzad
Today, 03:54 AM
|
||
Started by Barry Milan, Yesterday, 10:35 PM
|
3 responses
13 views
0 likes
|
Last Post Yesterday, 11:58 PM |
Comment