Charting and Studies User Guide - CQG.com

Retracement (DNRetr)
Page 473
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 on earlier Reaction Points on the chart.
5. Double click on 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.
Charting and Studies User Guide