This is a discussion on DiNapoli Levels within the General Discussion forums, part of the Trading Forum category; Dinapoli Target indicator for Metatrader 4 (attached) and same indicator for Metatrader 5 (attached) - with alerts...
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Great Thanks!!! Will apply and check.
This indicator is from MQL5 Codebase with the following explanation:
The "Fast ZigZag" indicator including the drawing of DiNapoli's target levels. The possible value of StopLoss is marked by the red line. Then, according to the order are the start line and the Target1, Target2 and Target3 lines. Besides, the indicator draws vertical lines corresponding to the similar tracking in time. Drawing the vertical lines can be disabled through input parameters. When direction of the ZigZag changes, the indicator can trigger the sound signal.
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Trading DiNapoli levels - the article
-------------Just like our real life, the market is constantly evolving. Something which did perfrectly yesterday, shows discouraging results today. However, there remain some fundamental strategies which experience some minor corrections over time, but do not change their ideological basis. One of them is “DiNapoli levels”, a strategy named after its founder. It represents stripped down realization of Fibonacci retracements.
Dinapoli_v1.01 EA for MT5 is attached to the article (free to download) with set files (with the settings for pre-selected pairs).
Trendless_OS - indicator for MetaTrader 5
Trendless OS DiNapoli was developed by Joe DiNapoli in 1980's and was described in his book "Trading with DiNapoli Levels". Like other his indicators, Trendless OS is an addition to the main decision-making tools - Fibonacci levels. Moreover, according to DiNapoli's concept, the Trendless indicator can be used as an independent trading tool. Individual level settings should be selected for each traded asset.
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