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 ETFVoyageur, Today, 07:05 PM
|
0 responses
7 views
0 likes
|
Last Post
by ETFVoyageur
Today, 07:05 PM
|
||
Started by Orion815, 05-02-2024, 08:39 AM
|
2 responses
18 views
0 likes
|
Last Post
by Orion815
Today, 06:24 PM
|
||
Started by suroot, 02-25-2017, 04:43 AM
|
11 responses
2,551 views
0 likes
|
Last Post
by Zilvercat
Today, 05:36 PM
|
||
Started by Rogers101, 05-05-2024, 11:30 AM
|
16 responses
50 views
0 likes
|
Last Post
by Rogers101
Today, 04:44 PM
|
||
Started by ninza33, Today, 12:31 PM
|
2 responses
12 views
0 likes
|
Last Post
by ninza33
Today, 03:52 PM
|
Comment