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Ichimoku Kinko Yuo

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    #61
    Look in post #29 of the below linked thread for the solution to this problem.

    http://www.ninjatrader.com/support/f...light=ichimoku

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      #62
      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.

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