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I constructed DiNapoli's versions of these indicators last year and did not
see any significant advantage over simpler implementations of these
indicators. I believe there is a slight advantage to trading with indicators
set to be a shade faster than the "standard" signals, but I saw very little
difference between the DiNapoli and standard versions.
Mark Berg
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>From: "Dennis L. Conn" <dennisconn@xxxxxxxxxxxxxxxx>
>To: <realtraders@xxxxxxxxxxxxxxx>
>Subject: [RT] GEN: DiNapoli indicators
>Date: Fri, May 26, 2000, 4:58 PM
>
> 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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