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:

The indicator has the following parameters:

Settings

Period - setting of the indicator calculation period.

Common

Source - setting of the indicator calculation parameters:

• Open
• High
• Low
• Close
• Volume

Drawing
Panel - selection of the indicator location in the chart:

• New panel
• Chart

Visualization

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.