Announcement

Collapse
No announcement yet.

Partner 728x90

Collapse

Ichimoku Kinko Yuo

Collapse
X
 
  • Filter
  • Time
  • Show
Clear All
new posts

    #61
    Look in post #29 of the below linked thread for the solution to this problem.

    Comment


      #62
      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 cre8able, 02-11-2023, 05:43 PM
      3 responses
      234 views
      0 likes
      Last Post rhubear
      by rhubear
       
      Started by frslvr, 04-11-2024, 07:26 AM
      8 responses
      112 views
      1 like
      Last Post NinjaTrader_BrandonH  
      Started by stafe, 04-15-2024, 08:34 PM
      10 responses
      44 views
      0 likes
      Last Post stafe
      by stafe
       
      Started by rocketman7, Today, 09:41 AM
      3 responses
      11 views
      0 likes
      Last Post NinjaTrader_Jesse  
      Started by traderqz, Today, 09:44 AM
      2 responses
      10 views
      0 likes
      Last Post NinjaTrader_Gaby  
      Working...
      X