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Hi RT's,
I'm looking for some enlightenment on a couple of things in Joe DiNapoli's
book, "Trading with DiNapoli Levels". Since I didn't buy it from his website
or an authorized reseller, I don't have the opportunity to get the answers
from his restricted site without buying something else from him first - I'd
like to know if there's enough of value in what I've already purchased
before I start spending more. It sounds impressive, but then, I'm somewhat
ignorant about indicators. Besides, I'm cheap, er, I mean frugal...
He mentions modifying the MACD by using Bernstein's DEMA inputs of 0.213,
0.108 and 0.199. He also mentions that these exponential inputs can be
simulated by "period" inputs of 8.3897, 17.5185 and 9.0503. My question is
(to put it bluntly), what the hell is he talking about?? How can you input
fractional values as MA periods? Apparently, I lack the understanding of the
concept behind the DEMA to grasp what he's talking about.
Likewise with his modification of the stochastic - he writes about using a
modified MA and values of 8, 3 and 3 instead of the standard values, but
once again, I'm stumped as to what this modified MA value is to be. Again,
it may be that I lack certain fundamental information to understand it.
If you've read his book and grasp these ideas, and/or apply them in your own
trading, I'd appreciate any plain English explanation you can offer. Perhaps
I'm overlooking the obvious here, but I'm probably trying to run before I
can walk - I only recently started to study indicators, so my knowledge base
is definitely lacking. I'll welcome any help anyone can offer!
Ignorantly,
Dennis C.
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