Dinapoli Indicators MT3 to MT4 Important - page 3
You are missing trading opportunities:
- Free trading apps
- Over 8,000 signals for copying
- Economic news for exploring financial markets
Registration
Log in
You agree to website policy and terms of use
If you do not have an account, please register
Igorad: Could you please post your Velocity_v1 indicator so we can try it.
I am going throught this Dinapoli e-book(384 pages)and its fantastic. I have looked at many e-books on trading, and different trading systems for over 4 yrs now, and this is one of the best e-books on trading I have come across so far. This Joe Dinapoli guy not only knows his stuff about trading, but he teaches you all aspects of trading like controlling your emotions, which is the hardest thing to do.
It also teaches you on what happens every day on the trading floor, and why the markets move the way they do. I have seen his indicators around for a long time, but never really looked into them, but I will be now.
I want to thank everyone here for the mt3 to mt4 changes, and to donbo1 for the Dinapoli e-book. I highly recommend that everyone reads it, after all its free, and I am sure it was worth a few dollars at the time it was released.
Happy TradingI completely agree, I have been reading this E-Book for the last few days as well. Thanks to all for posting the e-book and work on the indicators!!
According Dinapoli's ebook. anyone have DMA indicator ?
tks
According Dinapoli's ebook. anyone have DMA indicator ? tks
DMA is a displaced moving average so the 3x3 is a 3 period moving average and in the shift column is 3
a 7x5 is a 7 period ma that is shift 5
Dinapoli Indicators
According Dinapoli's ebook. anyone have DMA indicator ? tks
Rayie: You will find the proper moving average for this set up under Indicators. You dont want the moving average that is listed under Custom Indicators, it doesnt have the same parameter set up as the other one.
i see ... thanks for the answer ...
Dma
i see ... thanks for the answer ...
just want to make sure you understand how to put the DMA on a chart
Yes Sure , First you can read the book "Trading with Dinapoli Levels "I guess it is already posted here in the forum ...
The idea of the MACD and the stochastic is same as normal one but with modified parameters and usually when the daily macd is crossed up and above zero then we look for buy signal from lower time frames for example the 1 hr frame , so we look then for both macd and stochastic on lower time frame to be just cross up for buy ... and the same idea for example the weekly macd is up ... but the price is going down then it is buying opportunity to wait on daily time frame till we have macd and stoch cross up so they will combine with macd weekly and then we will have big big move ...
For the Detrend Price Oscillator we compare the history levels on which the price reverse compared to DPO then we identify o/s or o/b accurately
I hope the above help but pls read the book ... it is all there
So anyone can help us in having MT4 versions of these dinapoli indicators
thanxHello atiyya,
I was reading the book the past few days and I am trying to put it together
in a way I can use it.
What I came up with so far is this:
1. I determine the "trend" as explained by Dinapoli on the daily chart.
A close above the 3x3 and fast line over slow line on the DEMA = Long Trend. And vice versa for short.
2. Down to the 1 hour chart.
I determine the OB/OS levels for the 1 hour chart bases on the past few extremes on the detrend.
3. If the daily trend is long, I look for buy opportunities on retracements (dips).
Buy signal if after a dip:
a) close above 3x3, and
b) DEMA fast above slow, and
c) detrend not in overbaught but rising between the zero line and 65% of the average extreme, and
d) dinapoli targets indicator is signaling a buy
4. Stop and Profit Targets
Stop Loss is calculated below a fib resistance, as far as I can see.
Profit Targets are calculated too, depending how much space detrend has left to travel one could chose
one of the 3 targets given. (I checked the targets manually, and they are the same as the original formula.)
5. Close the trade if
a) Chosen Profit Target is hit, or
b) Detrend is engaging 90% oversold, or
c) Close below 3x3, or
d) DEMA fast closing below DEMA slow, or
e) Stop Loss is taken out (should basicly never happen).
Thats it for now.
I will attach a chart of a GBP/USD trade I did yesterday.
Even though I am sure 99% of all methods would have picked up on the move.
Any comments appreciated.
Maybe you could elaborate a little further how you get your entries on
the smaller time frames?
EDIT:
Entry was the dotted white line at 7439 and my target was the yellow dotted line at 7481.
Hello atiyya,
I was reading the book the past few days and I am trying to put it together
in a way I can use it.
What I came up with so far is this:
1. I determine the "trend" as explained by Dinapoli on the daily chart.
A close above the 3x3 and fast line over slow line on the DEMA = Long Trend. And vice versa for short.
2. Down to the 1 hour chart.
I determine the OB/OS levels for the 1 hour chart bases on the past few extremes on the detrend.
3. If the daily trend is long, I look for buy opportunities on retracements (dips).
Buy signal if after a dip:
a) close above 3x3, and
b) DEMA fast above slow, and
c) detrend not in overbaught but rising between the zero line and 65% of the average extreme, and
d) dinapoli targets indicator is signaling a buy
4. Stop and Profit Targets
Stop Loss is calculated below a fib resistance, as far as I can see.
Profit Targets are calculated too, depending how much space detrend has left to travel one could chose
one of the 3 targets given. (I checked the targets manually, and they are the same as the original formula.)
5. Close the trade if
a) Chosen Profit Target is hit, or
b) Detrend is engaging 90% oversold, or
c) Close below 3x3, or
d) DEMA fast closing below DEMA slow, or
e) Stop Loss is taken out (should basicly never happen).
Thats it for now.
I will attach a chart of a GBP/USD trade I did yesterday.
Even though I am sure 99% of all methods would have picked up on the move.
Any comments appreciated.
Maybe you could elaborate a little further how you get your entries on
the smaller time frames?
EDIT:
Entry was the dotted white line at 7439 and my target was the yellow dotted line at 7481.hi Dan S
I am sorry for my late reply but I am very busy lateley ...
about method it is same as I posted before and in the book .. and I always trade in the direction of higher time frames and taking entries from lower time frame and I always count on trend to buy only when macd cross above zero and vice versa ; for the dma 3x3 and others .. well don't count on them ... for the DPO yes it works good but some times the price moves further then corrspond ... so be carefull ... I beleive the best thing about this is to see what price has done in history ... and try to predict future ...
sorry for my short reply .. I will try to elborate more later ...
hava nice profitable days
Joe Dinapoli-ebook
I am looking for Joe Dinapoli E-book. Please reply me to sweekiatk@yahoo.com, if someone have it
DiNapoli Indicator comparing
Hi,
Glad to know people also used Joe technique.
For DPO i used the attached files since it is gives the same result with DPO in Tradestation
I did simple modification for Dinapoli Macd so it's also plot the MACD Histogram. It is usefull to see divergences betwwen the histogram and price action
Cheers,