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 mmenigma, Today, 03:25 PM
|
0 responses
1 view
0 likes
|
Last Post
by mmenigma
Today, 03:25 PM
|
||
Started by SugarDefenderGetNow, Today, 03:21 PM
|
0 responses
3 views
0 likes
|
Last Post Today, 03:21 PM | ||
Started by Moraha, Today, 03:14 PM
|
0 responses
2 views
0 likes
|
Last Post
by Moraha
Today, 03:14 PM
|
||
Started by DanielSanMartin, Today, 02:37 PM
|
1 response
6 views
0 likes
|
Last Post Today, 02:57 PM | ||
Started by samish18, Today, 08:57 AM
|
7 responses
22 views
0 likes
|
Last Post Today, 02:54 PM |
Comment