DiNapoli MACD

This indicator applies a modified version of the traditional MACD based on DiNapoli’s methodology. It computes two exponential moving averages using a fast period of 8 and a slow period of 17 to generate the MACD line, then derives a 9-period exponential moving average of this MACD line as the signal line. The histogram represents the difference between the MACD line and the signal line, providing a visual cue for potential trend changes.

Default Settings:

Fast EMA Length: 8
Slow EMA Length: 17
Signal EMA Length: 9
Source: close