Detrended Oscillator - DiNapoli

Detrended Oscillator of the famous trader Joe DiNapoli is an instrument for calculating overbought/oversold market zones.

Detrended Oscillator is calculated by a simple formula:

MA(close) – close

In other words, the closing price distance to its own moving average is plotted in the indicator window. DiNapoli suggests using 7-period simple moving average in this formula.

The indicator view in the chart:

Image 30243

The indicator has the following parameters:

Image 30244


Period - setting of the indicator calculation period.


Source - setting of the indicator calculation parameters:

  • Open
  • High
  • Low
  • Close
  • Volume

Panel - selection of the indicator location in the chart:

  • New panel
  • Chart


Show value - display of the indicator value on the price scale on the left.

Scale/Auto-scaling - if this option is on, the scale will be automatically calculated, based on the minimum and maximum indicator values, so that the indicator would fit in the chart.

Color - color setting of the indicator.

Visual type - visual setting of the indicator display in the chart:

  • Line
  • Histogram
  • Hash
  • Block
  • Cross
  • Square
  • Dots
  • Up arrow
  • Down arrow
  • Axis label
  • Hide

Line style - setting of the line display style:

  • Solid
  • Dash
  • Dash - dot
  • Dash - dot - dot

Width - setting of the indicator line width.

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