Forex Di Napoli Detrended Oscillator MT4 Indicator

Forex Di Napoli Detrended Oscillator MT4 Indicator:

About the Forex Di Napoli Detrended Oscillator MT4 Indicator

Non-proprietary study of Joe Dinapoli used for overbought/oversold evaluation.

Uses of Detrended Oscillator indicator

  • Profit taking.
  • Filter for market entry technics.
  • Stop placement.
  • Part of volatility breakout pattern.
  • Determining major trend changes.
  • Part of Dinapoli Stretch pattern.

Inputs

  • lnpPeriod: Perid of moving average
  • Method: Calculation method

Test results:

Forex Di Napoli Detrended Oscillator MT4 Indicator

Copy and paste the file into the MQL4 Indicators folder of the Metatrader 4 trading platform.

You can access this folder from the top menu as follows:

File > Open Data Folder > MQL4 > Indicators (paste here)

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