Ichimoku Kinko Yuo

[Crassius]

Look in post #29 of the below linked thread for the solution to this problem.

http://www.ninjatrader.com/support/forum/showthread.php?t=6910&highlight=ichimoku

[Grasul]

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.