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 StockTrader88, 03-06-2021, 08:58 AM
|
45 responses
3,992 views
3 likes
|
Last Post Today, 09:51 AM | ||
Started by TAJTrades, Today, 09:46 AM
|
0 responses
7 views
0 likes
|
Last Post
by TAJTrades
Today, 09:46 AM
|
||
Started by rhyminkevin, Yesterday, 04:58 PM
|
5 responses
62 views
0 likes
|
Last Post
by dp8282
Today, 09:36 AM
|
||
Started by realblubb, Today, 09:28 AM
|
0 responses
8 views
0 likes
|
Last Post
by realblubb
Today, 09:28 AM
|
||
Started by AaronKoRn, Yesterday, 09:49 PM
|
1 response
19 views
0 likes
|
Last Post
by Rikazkhan007
Today, 09:24 AM
|
Comment