The Dinapoli Preferred Stochastic indicator uses a smoothing method, which is different from the standard stochastic. It was described by Joe DiNapoli. In DiNapoli’s opinion, this indicator can be useful to all traders who aren’t satisfied with the usual stochastic.
The indicator is calculated by the following formulas:
The indicator view in the chart.
The indicator has the following parameters:
Period %K - setting of the %K period of the KD Fast indicator.
Period %D - setting of the %D period of the KD Fast indicator.
Period %D - setting of the %D period of the KD Slow indicator.
Panel/Moving average period - selection of the indicator location in the chart:
- New panel
Fast Line,Slow Line
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:
- Up arrow
- Down arrow
- Axis label
Line style - setting of the line display style:
- Dash - dot
- Dash - dot - dot
Width - setting of the indicator line width.
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