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 mishhh, 05-25-2010, 08:54 AM
|
19 responses
6,189 views
0 likes
|
Last Post
by rene69851
Today, 09:29 AM
|
||
Started by gwenael, Today, 09:29 AM
|
0 responses
3 views
0 likes
|
Last Post
by gwenael
Today, 09:29 AM
|
||
Started by Karado58, 11-26-2012, 02:57 PM
|
8 responses
14,829 views
0 likes
|
Last Post Today, 09:09 AM | ||
Started by Option Whisperer, Today, 09:05 AM
|
0 responses
2 views
0 likes
|
Last Post Today, 09:05 AM | ||
Started by cre8able, Yesterday, 01:16 PM
|
3 responses
11 views
0 likes
|
Last Post
by cre8able
Today, 08:28 AM
|
Comment