DiNapoli Retracement and Expansion studies are derived from an advanced and independently developed form of Fibonacci analysis. To create a DiNapoli retracement series, select a Focus Number and a group of Reaction Numbers from a bar chart. Retracement levels (FibNodes™), along with Lineage (semicircular) markings are shown and automatically updated as the market moves forward in real time. Lineage Markings are particularly important to the trader as they aid in identifying areas of support and resistance that are particularly strong. They also can be used to identify areas of potential support and resistance of which most speculators are unaware, using standard Fibonacci techniques.
Properly assessing combinations of both the Expansion and the Retracement levels further enhances the accuracy of this approach.
To place DiNapoli Retracement on a chart
1. Click an initial point on a chart, the Focus Number.
2. Drag the mouse to an appropriate earlier point on the chart, reaction 1.
3. Select that point.
4. Click earlier Reaction Points on the chart.
5. Double-click the same Reaction to place the last reaction in the Retracement Series.
You can indicate Lineage designation characters (*, T, M etc.) to accompany retracement values by:
Clicking on a specific Lineage designation character that appears in a pop-up window next to the mouse pointer, once a Reaction is selected.
If a Lineage designation character is selected for the last Reaction in a series, it must be selected prior to the final (second) click.
A standard set of Lineage designation characters has been provided in the pop-up window. These characters may not be changed, but the user may replace any specific lineage designation on a bar chart, with a character or word of his choice.
To change a Lineage designation to a nonstandard character or word
1. Right-click any portion of the study (Lineage markings or FibNodes).
2. Select modify study parameters.
3. Click a label box, and type a character or word in the box.
4. Click OK.
•Display
•Font: Select a font for the study.
•Date: Indicates the date where the points are placed.
•Time: Indicates the time (for intra-day bars) where the points are placed.
•Label: Select Lineage characters for a given FibNode.
•RealTime: Select real time updating of FibNodes.
•LineageRight: Select position of Lineage markings.
•MarkCenter: Select the placement of the FibNodes study.
•Alignment: Select Current, Focus, or Reaction.