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I am trying to implement a simple ichimoku tk-cross algorithm on 4 hour chart time frame.
Am I doing consolidation right?
How would you make it better?
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Derek Melchin
Hi Crypto Hai,
When we use the short-cut methods for indicators (self.ICHIMOKU & self.SMA), the indicators are automatically updated when new data is passed to the algorithm. Since the algorithm above uses these short-cut methods and uses the `RegisterIndicator` method, the indicators are updated twice, leading to incorrect values.
To resolve the issue, we replace the construction of the indicators in the algorithm above with
self.Ichi = IchimokuKinkoHyo(TenkanPeriod, KijunPeriod, SenkouAPeriod, SenkouBPeriod, SenkouADelay, SenkouBDelay) self.EMA200 = ExponentialMovingAverage(55)See the attached backtest for reference.
Best,
Derek Melchin
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
Crypto Hai
The material on this website is provided for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation or endorsement for any security or strategy, nor does it constitute an offer to provide investment advisory services by QuantConnect. In addition, the material offers no opinion with respect to the suitability of any security or specific investment. QuantConnect makes no guarantees as to the accuracy or completeness of the views expressed in the website. The views are subject to change, and may have become unreliable for various reasons, including changes in market conditions or economic circumstances. All investments involve risk, including loss of principal. You should consult with an investment professional before making any investment decisions.
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