DiNapoli MACD MTF & Alert is a trend-following forex trading oscillator, developed especially for short-term trading or scalping purposes.
DiNapoli MACD MTF & Alert plots crossover trend signals by applying 8-DNMA and 18-DNMA in the oscillator window. It also uses MACD bars as a secondary filter of the trend signals.
• 8-DNMA moves above the 18-DNMA level
• MACD bar moves above the zero level
• Set stop loss below the current swing low of the market
• Exit long or take profit whenever 8-DNMA crosses below the 18-DNMA value
• 8-DNMA moves below the 18-DNMA level
• MACD bar moves below the zero level
• Set stop loss above the current swing high of the market
• Exit short or take profit whenever 18-DNMA crosses below the 8-DNMA value