Tenkansen

Description

The TenkanSen formula renders the Tenkan Sen conversion line in the Ichimoku Kinko Hyo study.

Formula

Tenkansen(INPUT, Span=8)=begin

  retval = (RMAX($1.high, Span) + RMIN($1.low, Span)) / 2

end

Parameters

INPUT

The INPUT directive makes this formula available as a Formula Overlay. INPUT refers to the instrument in the chart.

Span

The Span parameter defines the range (number of bars) examined by the Tenkan Sen indicator. The default value is 8.

Return Value

A Tenkan Sen value

Examples

See, Ichimoku Kinko Hyo

Comments

NA