|The first indicator to be added to the DiNapoli suite of studies in 16 years!|
How it works.
The whole idea behind a practical trading plan is to keep it as simple as possible.
The MACD Predictor is a way of looking at the DiNapoli MACD in an entirely new
setting. I really try not to hype things so without hype here's what I truly
I find it absolutely indispensable for the demands of day trading and for trading
longer term… I don't know how I got along without it.
There are two main advantages to its use.
1. You are able to determine, one period ahead of time, what price will cause
the MACD to turn from a buy to a sell or visa versa. It is a cousin to the Oscillator
predictor. If you take a position you know right then and there, the exact price,
the current and next (future) bar will need to achieve for the MACD to cross.
You can also literally see the distance the market has to go, before your current
position is either helped or hindered by the force of the next MACD cross. You
can do this in all time frames, as the predictor updates in real time.
2. You are able to determine the "Dynamic Pressure" on the market
by clearly observing price action with the MACD Predictor history, superimposed
directly on the bar chart. Dynamic pressure refers to how the market reacts
to buy and sell signals. If you get a 30 minute sell on the MACD and the market
goes flat for example, you know right then and there that the next buy signal
is apt to be a big winner! This was something I would regularly do with the
standard DiNapoli MACD but now it is so much easier to see!