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 Salahinho99, Today, 04:13 AM
|
0 responses
12 views
0 likes
|
Last Post
by Salahinho99
Today, 04:13 AM
|
||
Started by junkone, 04-28-2024, 02:19 PM
|
8 responses
93 views
1 like
|
Last Post Today, 01:58 AM | ||
Started by mkouitra, 10-23-2021, 04:40 PM
|
17 responses
1,970 views
0 likes
|
Last Post Today, 12:51 AM | ||
Started by Vietanhnguyen2hotmailcom, 05-03-2024, 10:29 AM
|
4 responses
32 views
0 likes
|
Last Post Yesterday, 09:06 PM | ||
Started by PhillT, 04-19-2024, 02:16 PM
|
4 responses
40 views
0 likes
|
Last Post
by PhillT
Yesterday, 04:24 PM
|
Comment