Hi-
I have done a search, but have not seen the Dinapoli Stochastic (called the "Preferred Slow Stochastic" by DiNapoli) converted for ForexTester on this forum, has anyone else seen it converted?
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In his book "Trading with DiNapoli Levels" Joe DiNapoli explains that he uses a "modified moving average" (taken from Kaufman's "New Commodity Trading) to calculate the Stochastic which he calls his "Preferred Slow Stochastic".
Quoting from Appendix E:-
MAVt = MAVt-1 + (Pt - MAVt-1)/n
where:
MAVt is the current modified Moving Average value
MAVt-1 is the previous modified Moving Average value
Pt is the current price
n is the number of "periods"
The starting point is calculated identically to that of a simple moving average.
The Fast Stochastics:
%K = 100[(C-Ln)/(Hn-Ln)]
where :
C is the latest close
Ln is the lowest low for the last n periods
Hn is the highest highn= for the last n periods
%D = 3 period modified Moving Average of %K
so finally:
The PREFERRED (SLOW) STOCHASTIC
%K = %D (from the fast stochastic above)
%D = 3 period MAV of %K
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The mq4 file is attached (text file).
Stochastic - DiNapoli
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Stochastic - DiNapoli
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- DiNapoli_Stochastic.zip
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