cTrader DiNapoli Curve Fitted Oscillator

This version of the cTrader DiNapoli Stochastic has a smoother indicator and extra logic to match the curve of the lines to identify possible price reversal with linear curve fitting. We also included many useful features like email, sound alerts, and high and low thresholds.

This oscillator smoothing method leads to filtering out "noise" in the price movement. It is used in strategies that are oriented to a standard stochastic. The stronger smoothing can lead to the loss of an array of signals, so it is recommended to apply any trend indicator for more efficient use of the indicator.

Read more about this type of indicator by Joe Dinapoli "Trading With DiNapoli Levels".

Signal Line Cross-Over Check

This involves a very simple, but useful check on the distance between the signal and result lines using the cross-over distance setting when there is indecision in the price the two lines are very close together when there is a strong change in direction the distance is higher.

Linear Regression Curve Check

This is very useful when you want to match a specific type of curve that mostly show price reversals, it uses the Math.Net Numerics library described below for curve fitting. You can curve fit either the signal or the result line. The settings are Curve Offset and Curve Slope.

For analysis, you can use a setting called Data Analysis Mode which will show you historical curve values in the log file to help you match the values which hold the strongest weight. The video below will explain the features in more detail.

• Click here for more information on Linear Regression

Math.NET Numerics

This assembly aims to expose algorithms and methods for numerical computations in software engineering, the areas it covers are special functions, linear algebra, probability models, random numbers, interpolation, integration, regression, optimization problems and much more. 

Curve Fitting: Linear Regression & Polynomial Interpolation

Regression is all about fitting a low-order parametric model or curve data, so we can use it to make predictions on points not covered by the data. Both the data and the model are known, but we'd like to find the parameters that make the model good enough to the data according to some metric.

Curve fitting can involve either interpolation, where an exact fit to the data is required, or smoothing, in which a "smooth" function is constructed.

Data Analysis Mode

We have added a feature that will allow you to visually see the Linear Curve fitted values for the stochastic cross-over points so that you can compare this to the candle price action to help you increase the probability of a successful entry point. 

Why This Indicator is Special

This indicator will allow you to define the quality of the curve which directly relates to the price action shown in the candles, by conducting historical analysis you are able to identify repeating price reversals and acquire the curve offset and curve slope values. Once you have these values you can enter them into the indicator so that you will only be informed of price reversals when there is a high probability, this is useful for manual trading to help make the right choice or to send signals to trade groups via telegram.

Popup Message

This is a simple popup window that is displayed on your chart when a signal is fired for a trend reversal.

Email Message

This is your standard and simple email alert, please note if you need an instant alert the moment a signal happens use the Telegram messaging service.

• How to set up your email account

Telegram Message

Telegram is an instant messaging service that allows you to receive messages as soon as they occur directly to your PC, tablet or mobile phone.

• How to set up your Telegram account

What is the Telegram Messaging Service?

Watch a Video Demonstration

The video has been uploaded to 1080p High Quality, so do not forget to set your U-Tube video quality to 1080p HD. 

Duration: 14-minutes - Watch Full-Screen on YouTube