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 | ||
---|---|---|---|---|
Net Change
by Segwin
Started by Segwin, 05-07-2018, 02:15 PM
|
12 responses
1,785 views
0 likes
|
Last Post
by Leafcutter
Today, 05:30 AM
|
||
Started by poplagelu, Today, 05:00 AM
|
0 responses
3 views
0 likes
|
Last Post
by poplagelu
Today, 05:00 AM
|
||
Started by fx.practic, 10-15-2013, 12:53 AM
|
5 responses
5,407 views
0 likes
|
Last Post
by Bidder
Today, 12:22 AM
|
||
Started by Shai Samuel, 07-02-2022, 02:46 PM
|
4 responses
98 views
0 likes
|
Last Post
by Bidder
Today, 12:11 AM
|
||
Started by DJ888, Yesterday, 10:57 PM
|
0 responses
8 views
0 likes
|
Last Post
by DJ888
Yesterday, 10:57 PM
|
Comment