Dinapoli_Preferred_Stochastic

The Dinapoli Preferred Stochastic indicator uses the smoothing method described by Joe DiNapoli, which differs from the standard stochastic.

There are four input parameters:

• %K period - K line calculation period;
• %D period - D line calculation period;
• Slowing - slowing calculation period;
• Applied price - price used for calculations.

Calculations:

K = PrevK + (FastK -PrevK) / Slowing
D = PrevD + (K - PrevD) / %D period

where:

FastK = 100.0 * (Close-Min) / (Max-Min)
Max, Min are the highest and lowest prices within the '%K period' interval