Periodically, forums and pinboards suggest that using lace patterns with added color striping on home knitting machines may be used to produce knits inspired by Missoni designs.
Yarn availability, gauge, and the willingness to deal with lots of yarn ends influence choices, and appreciation of the results is a matter of personal taste and choice.
The swatches here are on small groups of repeats, and any movement in the horizontal lines may be more noticeable on larger pieces or more dramatic in other color sequences in the number of rows or their order of use.
Hand transferring groups of stitches with multiple transfer tools may avoid some of the pitfalls in LC transfers over sometimes dozens of rows until all stitches are finally knit.
Watch for needles accidentally being pushed back to A as knitting progresses, resulting in errors.
Inspiration for varied stitches from a single chart experimented with this chart as a starting point. 
Programmable repeats can be developed to aid in maintaining correct needle selection.
End needle selection is canceled.
Needles are preselected as usual in the places of each black square in the charts/ punched holes in those locations/ black pixels in the design downloads.
I am sampling on a 930, which automatically mirrors programmed motifs horizontally. This may vary depending on the model and download software used.
The methods here are not presented step by step; they assume some knowledge of the progression from drawing to color separating for specific stitches.
The knit carriage remains set to knit, without the use of any cam buttons.
Black pixels represent transferred groups of stitches. In the bottom half of the repeat, they are moved toward the left, in the top half toward the right of the needle bed.
The experiments began with the maximum number of stitches transferred at 7, using the seven-prong adjustable tool to facilitate the moves.
This chart was generated using Mac Numbers, with eyelets formed at the center of the shapes, and the doubled stitches formed by the transfers outlining them. 
To separate the knitting design, working with a spreadsheet, every other even-numbered row can be hidden. The shapes may be drawn as desired, and when rows are unhidden, color sequences, transfers, etc, can be visualized before committing to grabbing an image of the final design and processing it to render a downloadable PNG.
The planned shapes may also be rendered using any preferred paint program techniques:
20X14 initial design 
double length, 20X28
using transparencies/ color to alpha or even a pencil to fill in every other even # row with white cells
My tested repeat, 43X28
Forming eyelets at the edges of the shapes
half drop, 26X28
checking alignments
double height, 26X56
EOR rendered white pixels, 44X56 planned swatch
Using half shapes drawn in repeats may need to be mirrored horizontally depending on machine model and the download program used.
Border vertical columns on each side may be added in the PNGs or by adding needles in work; they will not be selected, continue to be formed as knit stitches.
This 12X20 design may be repeated twice in width and height for punchcard use,
24X20 
checking alignments, and drawn repeat. 
The transferred stitches on row 11 tend to cramp the eyelets produced by the last set of transfers in the opposite direction immediately below them. The swatch was knit 37X20
Using triangular repeats:
16X28, repeat an added third segment for punchcard use, 
visualized in progress, and for color changes, 
test repeat 40X28: 
Adjusting the repeat to produce taller horizontal stripes, 11X40 
programmed on 33X40 
Adding NOOW ladder spaces, 14X32 
programmed 46X32
An attempt at having transferred stitches form a continuous shape outline, 10X36, 
programmed 42X36
Aiming for the movement of the transferred stitches along a more central line, a punchcard repeat, 36X70, 
planned as a hand technique, 5-eyelet swatch, tested on a 33X20 repeat 
mirrored for use on the 930 
7-eyelet swatchswatch 
a test 34X32, in the same orientation as the chart
