Dinapoli MACD (DEMA)
Dinapoli’s MACD (Moving Average Convergence Divergence) based on Double Exponential Moving Average (DEMA), utilizing Amibroker data, provides a unique variation of the traditional MACD. This indicator, possibly implemented through AFLs in Amibroker, aims to offer a refined view of price momentum and trend changes.
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_SECTION_BEGIN("Dinapoli MACD");
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Dinapoli MACD (DEMA)
Based on "Joe DiNapoli - The Practical Application of Fibonacci Analysis to Investment Markets"
APPENDIX E
Script Created by TohMz
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//---- Smoothing Factors
FastSF=8.3896;
SlowSF=17.5185;
SignalSF=9.0503;
M_A_C_D=0;
S_i_g_n_a_l=0;
FastEMA[0]=SlowEMA[0]=Close[0];
for( i=1; i