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DiNapoli Levels Rate this Topic:
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Passat
Posted : Tuesday, December 20, 2005 3:28:57 PM
Registered User
Joined: 10/7/2004
Posts: 23
Has anyone programed "DiNapoli Levels" that you are aware of?
Doug_H
Posted : Tuesday, December 20, 2005 3:35:03 PM


Worden Trainer

Joined: 10/1/2004
Posts: 4,308
DiNapoli is apparently an expert on fibbonacci levels. Are you looking for fibbonacci retracement levels, or something else?

Fibs can be plotted by clicking the pencil icon, and selecting the retracements tool, and using it to draw a line on the chart. The retracement levels will then appear on the chart.

No other information about DiNapoli levels exists currently here in the forums.

- Doug
Teaching Online!
Passat
Posted : Tuesday, December 20, 2005 5:21:52 PM
Registered User
Joined: 10/7/2004
Posts: 23
He uses a combination of MACD, Stochcastics, and displaced moving averages. I am able to duplicate all but the MACD which uses decimals like:
1 Click on Studies icon. Highlight "MACD (Exponential)."
2 Click on List Studies and Tools icon. Highlight "MACD (Exponential)."
3 Click on "Properties" box at bottom. Enter the following:
(1) Ave 1 0.213
(2) Ave 2 0.108
(3) Ave MACD 0.199
Ernie
Craig_S
Posted : Tuesday, December 20, 2005 7:43:49 PM


Worden Trainer

Joined: 10/1/2004
Posts: 18,819
I have no idea how to translate this into TeleChart.

I cannot imagine having a MACD period less than 1...

Watch this video to see why:

Understanding MACD

You cannot have a moving average with a period less than 1...

- Craig
Here to Help!
krishnaas
Posted : Sunday, May 14, 2006 11:37:58 PM
Registered User
Joined: 12/24/2004
Posts: 12
Joe DiNapoli quotes in his book (p.61), "These (0.213, 0.108, .199) exponential inputs can be simulated by "period" inputs of 8.3896, 17.5185, 9.0503, if the software you are using is programmed to take "period" inputs and simulate the exponential Moving Average smoothing."

I'm unable to input any decimal numbers as MACD parameters. Can you help please? Thanks.

Passat, would appreciate if you can let me know how you created the Stochastics (to smooth using the modified moving average MAV). Thanks.
diceman
Posted : Monday, May 15, 2006 12:59:33 AM
Registered User
Joined: 1/28/2005
Posts: 6,049
DiNapoli is listing the exponential weightings in percent terms.
(how much of the weight of today's value gets added with yesterdays
exp avg to create the new average)

A 9% value (.09) would be 9% of today's close with 91% of yesterdays
exp. mav.

This works out to:

Time Period = (2/percentage)-1

So a 9% value would equal a 21 period mav.

(2/.09)-1=21

So these values:

8.3896, 17.5185, 9.0503

are correct.

My guess is he just didn't round off the values.

Its had to believe that:

8,17,9 or 8,18,9 exponential would not be satisfactory.

Thanks

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