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 bortz, 11-06-2023, 08:04 AM
|
51 responses
1,986 views
0 likes
|
Last Post
by aligator
Today, 05:50 PM
|
||
Started by aligator, 01-06-2022, 12:14 PM
|
2 responses
227 views
0 likes
|
Last Post
by john_44573
Today, 05:36 PM
|
||
Started by dmking, 11-12-2019, 12:31 PM
|
4 responses
4,141 views
0 likes
|
Last Post
by jasonw
Today, 04:32 PM
|
||
Started by roblogic, Today, 04:31 PM
|
0 responses
10 views
0 likes
|
Last Post
by roblogic
Today, 04:31 PM
|
||
Started by morrnel, 05-12-2024, 06:07 PM
|
4 responses
57 views
0 likes
|
Last Post Today, 04:22 PM |
Comment