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 ZenCortexHurry, Today, 01:07 PM
|
0 responses
1 view
0 likes
|
Last Post Today, 01:07 PM | ||
Started by ZenCortexHurry, Today, 01:04 PM
|
0 responses
0 views
0 likes
|
Last Post Today, 01:04 PM | ||
Started by f.saeidi, Today, 12:14 PM
|
3 responses
9 views
0 likes
|
Last Post Today, 01:02 PM | ||
Started by Russ Moreland, Today, 12:54 PM
|
1 response
3 views
0 likes
|
Last Post Today, 01:01 PM | ||
Started by philmg, Today, 12:55 PM
|
1 response
4 views
0 likes
|
Last Post Today, 01:00 PM |
Comment