DiNapoli Price Oscillator

There is the possibility to:

• choose the number of bars to calculate the formula
• choose the type of average, which is used in counting
• choose price (open, close, high, low), which is used in counting
• choose shift of average
• calculate and display overbought and oversold levels (60% and 100%)

Levels are counted using a special formula, which is used standard deviation function. However, levels are displayed correctly and results are the same as results received using manual methods. Level factors were specially selected and are the most suitable to use.

Requirements:

• ‘Show object description’ option must be enabled
• If two indicators have to be displayed in one window, DPO should be added as first