DiNapoli MACD MTF & Alert

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DiNapoli MACD MTF & Alert

Rules regarding the use of the DiNapoli Preferred Stochastic and DiNapoli MACD indicators (included in the eSignal application): MTF

I use the DiNapoli Preferred Stochastic and DiNapoli MACD as trend-defining tools only. I do not use them as overbought / oversold oscillators or momentum indicators. The DiNapoli Detrended Oscillator, also pre-programmed in eSignal, can be used for that analysis and is far more effective.
An up trend signal in either indicator is given by the fast (blue) line penetrating the slow (black) line from below. A sell signal is given by the fast line penetrating the slow line from above. The position of the lines is unimportant in the scale of the indicators, but the angle of the penetration is significant. The sharper the angle, the closer to 90 degrees, the better for determining the quality of the subsequent trend. (See Chart 1.)
eSignal has gone to considerable trouble to make available to you the correct formulas and numerical inputs to make these studies effective. Many years of development have gone into their development. Change them at your own risk.


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