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 andrewtrades, Today, 04:57 PM
|
1 response
10 views
0 likes
|
Last Post Today, 05:02 PM | ||
Started by chbruno, Today, 04:10 PM
|
0 responses
6 views
0 likes
|
Last Post
by chbruno
Today, 04:10 PM
|
||
Started by josh18955, 03-25-2023, 11:16 AM
|
6 responses
436 views
0 likes
|
Last Post
by Delerium
Today, 03:42 PM
|
||
Started by FAQtrader, Today, 03:35 PM
|
0 responses
9 views
0 likes
|
Last Post
by FAQtrader
Today, 03:35 PM
|
||
Started by rocketman7, Today, 09:41 AM
|
5 responses
20 views
0 likes
|
Last Post Today, 03:33 PM |
Comment