// Custom indicators, Strategies, SCAN, Screener, Backtesting, Converting service for: // Tradingview, NinjaTrader, Thinkorswim, MetaTrader, MetaStock, Multicharts, Prorealtime, etc.
Dinapoli macd predictor is a trending indicator that give you not only what direction a forex pair is moving but also how volatile the price is. When the Forex market starts giving new max or minimum level values, the Dinapoli macd predictor follows the price trend direction and pullsup the level of quit from the currency market. Stops should be applied where they are for a purpose, and in that case, should not be changed.
The whole idea behind a practical trading plan is to keep it as simple as possible.
There are two main advantages to its use.
1. You are able to determine, one period ahead of time, what price will cause the MACD to turn from a buy to a sell or visa versa. It is a cousin to the Oscillator predictor. If you take a position you know right then and there, the exact price, the current and next (future) bar will need to achieve for the MACD to cross. You can also literally see the distance the market has to go, before your current position is either helped or hindered by the force of the next MACD cross. You can do this in all time frames, as the predictor updates in real time.
2. You are able to determine the "Dynamic Pressure" on the market by clearly observing price action with the MACD Predictor history, superimposed directly on the bar chart. Dynamic pressure refers to how the market reacts to buy and sell signals. If you get a 30 minute sell on the MACD and the market goes flat for example, you know right then and there that the next buy signal is apt to be a big winner! This was something I would regularly do with the standard DiNapoli MACD but now it is so much easier to see!
I would like to use this indicator as I have some familiarity with DiNapoli methods, but I have no idea how to use it. The text looks like it was automatically generated and it's meaning seems just out of reach for me. For example what do you mean by this? "When the Forex market starts giving new max or minimum level values, the Dinapoli macd predictor follows the price trend direction and pullsup the level of quit from the currency market. Stops should be applied where they are for a purpose, and in that case, should not be changed."
I can see the indicator on the candles chart but all it seems to be EMA or HMA - except that it in the opposite/inverse direction of the price action. How can I use this? I cannot see this indicator on your website so I am about to give up on it.
blakester1111
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Thank you so much for putting this together. I am studying Dinapoli now. I see it doesn't extend into the future by 1 period though. The description above states this is how it should be and your MT4 version shows the line 1 period into the future as well. Is this a planned update to the code? I'm very happy to see you making this available. Thank you very much.
aprabas3
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hi can i get this coding for my own
Omo
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This is very interesting could i have access to this script. I'd like to backtest with this indicator.
neillswap
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@Patternsmart Thanx alot sir, Superb script...I really appreciate your work...
Since long time I am searching for such kind of script. I am good at finding entry points in stocks but failed many times to get the proper exit point and also reversal positions in stocks.
In the description you only mentioned about use of this beautiful script in forex market but it is really helpful in equity market too...
Patternsmart
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@neillswap, Yes you are right about it, it is really helpful in equity market too
F-B_AutoPilot
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Hello Patternsmart, I find the Dinapoli MACD Predictor incredibly awesome and I am impressed with what you have created. I would like to incorporate it into an algorithm, but unfortunately, the code of the indicator is hidden. Is there any way to obtain the code of the indicator?
Best regards from the Federal Republic of Germany.