Introduction to DINAPOLI Indicator

Dinapoli's single penetration allows entry decisions to be made simply by preset entry, take-profit, and stop-loss lines, making it easy for FX beginners to use.

Additionally, even when entering in the direction opposite the trend, take-profit tends to be relatively quick, so even if the daily chart shows an uptrend while the hourly chart shows a downtrend, you can enter decisively.

Furthermore, the double rebound signal detects shapes close to a double top or double bottom, so if you can enter near the top or bottom, you can capture a wide price range.




https://livedoor.blogimg.jp/fxmt4indicator/imgs/6/0/60ccdbed-s.png

The figure above shows a USDJPY 1-hour chart with the Dinapoli indicator displayed.

The double-rebound signal is the red downward arrow near the area where a double top forms on the left side at the top price zone,

If you entered sell here, you could have had a take-profit opportunity.

If you place the stop-loss near the red downward arrow at the most recent high in the double-rebound signal and set the take-profit to the same range as the entry point from the most recent high, you could have captured 8.8 pips.

Meanwhile, during that interval, you could also enter with a single-penetration long position and take profits.

In the chart above, the single-penetration shows 3 wins on buys and 1 win on sells, so combined with the double-rebound, you have 3 wins on buys and 2 wins on sells for a five-win streak.

Price action can also be chosen by pin-bar or engulfing-type shapes, which would narrow the entry points in this case.


If you set RSI10, there is a feature that automatically draws lower and upper trend lines, making divergences easier to spot.


Additionally, during initial setup or in the input tab for the parameters, when you click OK, a message displays the win rate of single-penetration, giving a reference point.


In the above case, from November 19, 2019 to January 17, 2020, there were 29 trades, 25 wins, 4 losses, win rate 86%, and the total pips gained were 102.2, with a PF (Profit Factor) of 4.2.

Estimated net profit for entries with an expected profit of at least 2.0 pips is calculated with a spread of 0.5.


We will continue to introduce this tool as a must-have for early winners.


Thank you very much for reading up to here today as well.

Well then, please stay healthy!

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