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 ninza33, Today, 12:31 PM
|
2 responses
9 views
0 likes
|
Last Post
by ninza33
Today, 03:52 PM
|
||
Started by Bobin, 03-12-2024, 08:51 AM
|
15 responses
480 views
0 likes
|
Last Post
by fiddich
Today, 03:41 PM
|
||
Started by Skifree, Today, 11:21 AM
|
4 responses
13 views
0 likes
|
Last Post
by Skifree
Today, 03:41 PM
|
||
Started by Bogdan097, Today, 03:25 PM
|
0 responses
3 views
0 likes
|
Last Post
by Bogdan097
Today, 03:25 PM
|
||
Started by cmtjoancolmenero, 04-25-2024, 03:58 PM
|
25 responses
127 views
0 likes
|
Last Post Today, 03:16 PM |
Comment