DiNapoli Target Oscillator
- Indicators
-
Olurotimi Olugbenga Awolade
I build MT5 and MT4 Expert Advisors and indicators, and I trade the systems I build. 5 published products on the MQL5 Market, including multi-factor trend scoring and reversal detection systems. - Version: 2.0
- Updated: 26 April 2026
- Activations: 5
DiNapoli Target Oscillator v2 — See Where Price Sits Inside the Fibonacci Structure
Most oscillators show you overbought or oversold. This one shows you exactly where price sits between the last swing low (0) and swing high (100) — mapped to the Fibonacci levels that institutional traders use for entries and exits.
When the oscillator reads 38.2, price is at the golden pullback zone. When it reads 61.8, price has reached the first take-profit extension. At 100, it has fully retraced the swing. You see this in real time, as a smooth colored line in its own subwindow.
HOW IT WORKS
The oscillator normalizes current price within the most recent swing structure:
0 = Swing Low (bottom of the range) 23.6 = Deep pullback zone 38.2 = ENTRY ZONE — the classic Fibonacci pullback level 50.0 = Midpoint 61.8 = TP1 — first take-profit target 78.6 = TP2 — second target 100 = Swing High / TP3 (full extension)
The line is colored green above 50 (bullish territory) and red below 50 (bearish territory), with a shaded fill between the line and the midpoint so you can see momentum strength at a glance.
BUY AND SELL SIGNALS
Signals fire when three conditions align:
- TREND — Fast EMA above Slow EMA (bullish) or below (bearish)
- PULLBACK ZONE — Oscillator is in the 35-55 entry zone (configurable)
- TURNING — Oscillator is turning up (buy) or turning down (sell)
- IMPULSE — There was a prior move above 60 (buy) or below 40 (sell), confirming the swing structure exists
Buy triangles appear below the oscillator line. Sell triangles appear above. Minimum spacing between signals prevents clustering.
WHAT MAKES THIS DIFFERENT FROM RSI OR STOCHASTIC
RSI and Stochastic measure momentum relative to their own history. They tell you "price has moved a lot recently."
The DiNapoli Target Oscillator measures position relative to actual swing structure. It tells you "price is at the 38.2% Fibonacci retracement of the last swing — this is where institutional traders look for entries."
The levels on the oscillator ARE the DiNapoli Fibonacci levels. When you see the line at 38.2, you know exactly where price sits in the swing structure without drawing Fibonacci tools manually.
100% NON-REPAINTING
All signals are calculated on closed bars only (shift >= 1). Once a signal triangle appears, it never moves or disappears.
BEST USED WITH
Pair this with the Precision Reversal Engine or Dragon Trend System for a complete workflow:
- Dragon or Reversal Engine identifies the setup on H1/H4
- DiNapoli Oscillator shows you exactly where price sits in the pullback structure
- Enter when the oscillator turns from the 38.2-50 entry zone
SETTINGS
Swing Detection: Lookback and depth for finding swing highs/lows. Smoothing: EMA smoothing period (default 3 — keeps the line clean without lag). Trend Filter: Fast/Slow EMA for trend direction. Signals: Min spacing between signals, entry zone boundaries (adjustable). Alerts and Push Notifications.
INSTRUMENTS
Works on all instruments: Forex, Gold, Indices, Synthetic Indices, Crypto. Subwindow indicator — does not clutter your main chart.
WHAT YOU GET
- DiNapoli_Target_Oscillator_v2.ex5
- Works on unlimited accounts
- Free updates for life
- Developer support via MQL5 messages
PRICING
Launch price: $49 — increases after first 20 purchases.
CHANGELOG
v2.0 (April 2026):
- Fixed input group characters for MQL5 marketplace compatibility
- Updated copyright and versioning
v1.0 (March 2026):
- Initial release
