Indicators: Quick ZigZag plus DiNapoli

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Automated-Trading
150917
Automated-Trading  

Quick ZigZag plus DiNapoli:

The "Fast ZigZag" indicator including the drawing of DiNapoli's target levels


Author: Victor

Amin Evazi
110
Amin Evazi  

Hi

HOW THIS INDICATOR WORKS???? 

Sergey Golubev
Moderator
113325
Sergey Golubev  
Indicator works on the way as "zigzag + DiNapoli"
Sergey Golubev
Moderator
113325
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read December 2013

newdigital, 2013.12.28 16:18

DiNapoli Levels: The Practical Application of Fibonacci Analysis to Investment Markets




Excellent manual from an experienced trader and exceptional teacher on the practical application of Fibonacci analysis to investment markets. This method is fascinating and often amazingly accurate, and every technical trader should become conversant with its principles. DiNapoli teaches all the basics, as well as his own unique methods of applying Fibonacci to trading in multiple time frames.


Sergey Golubev
Moderator
113325
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Something Interesting to Read December 2013

newdigital, 2014.01.17 14:00

DiNapoli Levels Video Training Course
by Joe DiNapoli  and Merrick Okamoto 




Four hours and 20 minutes of detailed video instruction by Joe DiNapoli and one of his most successful students, professional trader Merrick Okamoto.

  • How Market Makers handle overnight orders Rules that Market Makers live by Advantages that Market Makers have over the public Advantages and disadvantages of ECN's
  • How to benefit from the actions of: "the axe" - "the wheel", the predominant traffickers (Market Makers) in a given stock
  • How to front run the Market Maker How the (Market Makers) NASDAQ work station on auto execute can be used to fool the pubic Eyes only institutional terminal,
  • How Market Makers advertise on a NASDAQ terminal and fill positions on "eyes only", a private system for Market Makers Importance Market Makers put on getting order flow Market Makers ability to see order flow.
  • How that benefits them and costs you! On line trading firms sell order flow, how this benefits Market Makers and how this hurts the public
  • How Market Makers handle inventory by creating excitement in the stock
  • How to be your own Market Maker
  • The Direct access execution system and how it is used. An investment rule to live by Sector Momentum trading,
  • How to get into the right stock at the right time Index sorting
  • How it can affect your stock selection

Sergey Golubev
Moderator
113325
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Indicators: ZigZag

newdigital, 2013.09.26 08:26

The Zig-Zag indicator is extremely useful for determining price trends, support and resistance areas, and classic chart patterns like head and shoulders, double bottoms and double tops. The Zig-Zag indicators uses both swing highs and swing lows in its calculation:

  • Swing Highs: When a price (usually close) is both higher than the price previous to it and after it.
  • Swing Lows: When a price is both lower than the price prior to it and lower than the price following it.

The Zig-Zag indicator can use both percentages or points in its construction. To construct the Zig-Zag indicator, there must be a certain percentage or number of points between a swing high and a swing low before a line will be drawn. The chart below of the E-mini Nasdaq 100 Futures contract visually illustrates the difference between a price retracement Zig-Zag of 3% and a price retracement Zig-Zag of 5%:


Notice how in the chart above that a Zig-Zag with a retracement percentage of 3% makes more distinct lines than the Zig-Zag with a retracement percentage of 5%. The purpose of using a Zig-Zag with a larger retracement percentage is to help eliminate price noise that is not significant for the trader's analysis.

Zig-Zag indicator is extremely effective at uncovering stock cycles while screening out short-term price noise.

The Zig-Zag indicator is extremely effective in filtering short-term noise and identifying significant trends and significant changes in market prices.

Below is a chart of the E-mini S&P 500 Futures contract that illustrates how effective the Zig-Zag indicator was in finding areas of support and resistance and price breakouts:


The chart above of the e-mini uses a 5% Zig-Zag retracement value; therefore, only price changes of 5% or greater are shown, helping a long-term trader or investor determine important areas of support, resistance, and areas of price breakouts.

On the left of the chart, the S&P 500 was forming a triangle consolidation pattern. When prices broke resistance, a long-term buy was generated. During the middle of the chart, the Zig-Zag indicator was effective in illustrating that the S&P 500 was in an upward price channel. Buying in areas where price touched the lower support trendline and selling when prices touched the upper resistance line would have proved extremely profitable.

Using the Zig-Zag indicator for shorter-term trades can prove profitable as well. The chart below of Intel (INTC) shows a classic chart head and shoulder pattern easily seen by the Zig-Zag indicator ($1 retracement):


The easily identified head and shoulders pattern gave a sell signal when price on the right shoulder broke the upward slanting trendline.

The Zig-Zag indicator is an excellent technical analysis tool for identifying classic charting patterns. The Zig-Zag indicator is also effective in reducing noise and helping the technical trader see the true market direction.


Moneyman31
9
Moneyman31  

Any one have the mt4 version indicator of this dinapoli levels? not the dinapoli target. I want to see the version of this in mt4 platform. hope u can help. tnx

Moneyman31
9
Moneyman31  
Sergey Golubev:


Any one have the mt4 version indicator of this dinapoli levels? not the dinapoli target. I want to see the version of this in mt4 platform. hope u can help. tnx

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