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Preferred (Slow) Oscillator by Joe DiNapoli

This is Preferred (Slow) Oscillator created by Joe DiNapoli. Joe DiNapoli is a veteran
trader with over 25 years of solid market trading experience. To get more information, please refer his book "Trading with DiNapoli Levels". In common Stochastic Oscillators compare where a security's price closed relative to its price range over a given time period.


Preferred (Slow) Oscillator

FK:=((C - LLV(L,8))/(HHV(H,8) - LLV(L,8)))* 100;
FD:=If(Cum(1)+1<(3+2),FK,
If(Cum(1)+1=(3+2),Mov(FK,LastValue(3),S),PREV+((1/3)*(FK-PREV))));
STO:=If(Cum(1)+1<(3+2),FD,
If(Cum(1)+1=(3+2),Mov(FD,LastValue(3),S),PREV+((1/3)*(FD-PREV))));
FD;STO;

 

Source / From: TOP
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