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 alifarahani, 04-19-2024, 09:40 AM
|
9 responses
54 views
0 likes
|
Last Post Today, 02:02 PM | ||
Started by mmckinnm, Today, 01:34 PM
|
2 responses
5 views
0 likes
|
Last Post
by mmckinnm
Today, 01:54 PM
|
||
Started by Conceptzx, 10-11-2022, 06:38 AM
|
3 responses
60 views
0 likes
|
Last Post Today, 01:46 PM | ||
Started by f.saeidi, Today, 01:32 PM
|
1 response
2 views
0 likes
|
Last Post Today, 01:44 PM | ||
Started by traderqz, Today, 12:06 AM
|
9 responses
16 views
0 likes
|
Last Post Today, 01:31 PM |
Comment