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 jxs_xrj, 01-12-2020, 09:49 AM
|
5 responses
3,289 views
1 like
|
Last Post
by jgualdronc
Today, 10:47 AM
|
||
Started by Touch-Ups, Today, 10:36 AM
|
0 responses
5 views
0 likes
|
Last Post
by Touch-Ups
Today, 10:36 AM
|
||
Started by geddyisodin, 04-25-2024, 05:20 AM
|
8 responses
61 views
0 likes
|
Last Post Yesterday, 10:45 AM | ||
Can someone turn this thinkscript into a ninjascript. 5PM CST OHL and Previous Day
by Option Whisperer
Started by Option Whisperer, Today, 09:55 AM
|
0 responses
5 views
0 likes
|
Last Post Today, 09:55 AM | ||
Started by halgo_boulder, 04-20-2024, 08:44 AM
|
2 responses
24 views
0 likes
|
Last Post Today, 09:41 AM |
Comment