DiNapoli MACD & Stoch [LazyBear]

lazybear custom indicators macd stochastic dinapoli

--- Updated: May 19 2015 ----

Applicable only If you are setting up alerts:

I noticed I have switched the plot names. Histo shd be the MACD and DMACD shd be the Signal.

Replace lines 16 & 17 with these to get the correct names. NOTE that no functionality is affected, just the names.

plot(r, style=columns, color=r>0?green:red, transp=80, title="Dinapoli MACD")
plot(s, color=teal, linewidth=2, title="Trigger")

--- Original Description ---

These two indicators are from one of my favorite books - DiNapoli's Levels. These are custom MACD and Stoch used by him. There are more indicators - Detrended Osc, DisplacedMA - that he uses, will publish them all later.

The settings of normal MACD/Stoch can be tuned to obtain these DiNapoli indicators, or if you are lazy (like me!) just use these :)

DiNapoli Preferred Stoch source:

More info:

List of my public indicators:
List of my app-store indicators:

List of my free indicators: bit.ly/1LQaPK8
List of my indicators at Appstore: blog.tradingview.com/?p=970

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Want to use this script on a chart?

//
// @author LazyBear 
// 
// List of my public indicators: http://bit.ly/1LQaPK8 
// List of my app-store indicators: http://blog.tradingview.com/?p=970 
//
study(title="DiNapoli MACD [LazyBear]", shorttitle="DMACD_LB", overlay=false)
lc = input(17.5185, title="Long Cycle")
sc =input(8.3896, title="Short Cycle") 
sp =input(9.0503, title="Signal Length") 
src=input(close, title="Source")
fs = nz(fs[1]) + 2.0 / (1.0 + sc) * (src- nz(fs[1]))
ss = nz(ss[1]) + 2.0 / (1.0 + lc) * (src - nz(ss[1]))
r = fs - ss
s = nz(s[1]) + 2.0/(1 + sp)*(r - nz(s[1]))
plot(r, style=columns, color=r>0?green:red, transp=80, title="Histo")
plot(s, color=teal, linewidth=2, title="Dinapoli MACD")

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