Cover image for MIDAS Technical Analysis : A VWAP Approach to Trading and Investing in Today's Markets.
MIDAS Technical Analysis : A VWAP Approach to Trading and Investing in Today's Markets.
Title:
MIDAS Technical Analysis : A VWAP Approach to Trading and Investing in Today's Markets.
Author:
Coles, Andrew.
ISBN:
9780470878798
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (464 pages)
Series:
Bloomberg Financial Ser. ; v.46

Bloomberg Financial Ser.
Contents:
MIDAS TECHNICAL ANALYSIS -- Contents -- Introduction -- Biographical Sketch, Paul H. Levine -- Acknowledgments -- PART I: STANDARD MIDAS SUPPORT AND RESISTANCE CURVES -- CHAPTER 1 MIDAS and Its Core Constituents: The Volume Weighted Average Price (VWAP) and Fractal Market Analysis -- MIDAS and Its Two Key Backdrops: VWAP and Fractal Market Analysis -- The MIDAS Approach as a Genuine Standalone Trading System -- Summary -- CHAPTER 2 Applying Standard MIDAS Curves to the Investor Timeframes -- Definitions of Timeframes-The Triple Screen Trading Methodology -- MIDAS Curves within the Triple Screen System -- The Basic Behavior of the MIDAS Support/Resistance Curves -- Equivolume Charting -- What Price Should Be Used? -- Support/Resistance Becomes Resistance/Support -- Distinguishing an Uptrend from a Trading Range -- The Foothill Pattern -- A Trading Range Turning into a Downtrend -- Tracking a Trend with a Hierarchy of MIDAS Curves -- MIDAS S/R Curves for Entry Setups and Triggers -- Same Launch Point, Different Timeframes -- Special Start Points-The Left Side -- Special Start Points-The Initial Public Offering (IPO) -- Special Starting Points-The Down Gap and Its Dead Cat Bounce -- Special Starting Points-The Highest R and the Lowest S -- Summary -- CHAPTER 3 MIDAS Support and Resistance (S/R) Curves and Day Trading -- Multiple Trend and Timeframe Analysis -- Part One: The MIDAS System as a Standalone Day Trading System -- Part Two: Using the MIDAS System alongside Other Technical Indicators -- Capturing Today's High and Low with Standard MIDAS S/R Curves -- Summary -- PART II: THE MIDAS TOPFINDER/BOTTOMFINDER -- CHAPTER 4 The MIDAS Topfinder/Bottomfinder on Intraday Charts -- Levine's Two Insights Governing the MIDAS Methodology -- Part One: The Quantitative Features of the TB-F Algorithm -- Part Two: The Engineering Aspect of TB-F Curves.

Summary -- CHAPTER 5 Applying the Topfinder/Bottomfinder to the Investor Timeframes -- A Most Unusual Indicator -- The Basic Program of the TB-F -- What is an Accelerated Trend? -- Discovering the Topfinder/Bottomfinder -- Using the TB-F -- An Interesting Mathematical Observation -- Fitting the TB-F Curve in Chart Views Other than Equivolume -- Fitting to More than One Pullback -- Nested TB-Fs: The Fractal Nature of the Market -- TB-F Curves on Different Timeframes -- Bottomfinders Are Sometimes Problematic -- What Comes after a TB-F Ends? -- Summary -- PART III: THE LONGER-TERM HORIZON, OTHER VOLUME INDICATORS, AND BROADER PERSPECTIVES -- CHAPTER 6 Applying MIDAS to Market Averages, ETFs, and Very Long-Term Timeframes -- Using MIDAS with the Indices-The S/R Curves -- The Validity of Volume Data -- Using MIDAS with the Indices-The TB-F -- Using Exchange-Traded Funds Instead of Market Indices -- MIDAS Applied to Long- and Very Long-Term Timeframes -- Back to 1871 -- Inflation Adjustment -- A Closer Look at the Very Long-Term -- The Very Long-Term Horizontal S/R Levels -- The Bavarian Deer Herd -- What Can Be Said about the Very Long-Term Future? -- Summary -- CHAPTER 7 EquiVolume, MIDAS and Float Analysis -- The Basic Principle-"Volume Leads to Volume" -- Why Does Price Projection Work? -- The Connection between Price Projection and the Topfinder/Bottomfinder -- Using Price Projection -- Steve Wood's Float Analysis -- Volume Periodicity -- Summary -- CHAPTER 8 Putting It All Together -- Trend Following -- Calling Bottoms -- Base Breakouts -- Summary -- PART IV: NEW DEPARTURES -- CHAPTER 9 Standard and Calibrated Curves -- Discovering the Calibrated Curves -- Examples -- Summary -- CHAPTER 10 Applying the MIDAS Method to Price Charts without Volume: A Study in the Cash Foreign Exchange Markets -- MIDAS and Cash Foreign Exchange Markets.

A Comparison of the MIDAS S/R Curves Using Cash FX Intraday Tick Data and Intraday Futures Volume Data -- A Comparison of the MIDAS Topfinder/Bottomfinder Curves Using Cash FX Intraday Tick Data and Intraday Futures Volume Data -- Options in the Cash Foreign Exchange Markets for Higher Timeframe Charts -- Options One and Three-Replacing Cash Forex Markets with Futures Markets or Currency ETFs/ETNs -- Using MIDAS S/R Curves in Markets without Volume: The Daily and Weekly Cash FX Charts -- Using MIDAS Topfinder/ Bottomfinder Curves in Markets without Volume: The Daily and Weekly Cash FX Charts -- Summary -- CHAPTER 11 Four Relationships between Price and Volume and Their Impact on the Plotting of MIDAS Curves -- Relationships between Price and Volume Trends and the Four Rules Affecting the Plotting of MIDAS Curves -- Applying the Rules to Applications of Standard and Nominal MIDAS S/R Curves -- Using Relative Strength or Ratio Analysis -- Summary -- CHAPTER 12 MIDAS and the CFTC Commitments of Traders Report: Using MIDAS with Open Interest Data -- An Overview of Open Interest and Open Interest Data Options -- The Orthodox Interpretation of Changes in Open Interest -- A First Look at Standard MIDAS Support/Resistance Curves with Open Interest -- Pursuing MIDAS and Open Interest More Deeply -- Concise Overview of the Commitment of Traders (COT) Report -- Understanding the Main Players in the Legacy Report -- Identifying the Key Players in the COT Report -- Choosing the Appropriate Category of Open Interest -- MIDAS and Total Open Interest -- Choosing between Commercial and Noncommercial Positioning Data -- Measuring the Market with Commercial Net Positioning Data -- MIDAS and COT Report Timing -- Comparing the Commercial Net Positioning Indicators with MIDAS using Noncommercial Net Positioning Data -- Additional Reading -- Summary.

CHAPTER 13 Price Porosity and Price Suspension: The Causes of these Phenomena and Several Partial Solutions -- Porosity and Suspension Illustrated -- Identifying the Cause of the Two Phenomena -- Solving the Problem of the Two Phenomena -- Summary -- CHAPTER 14 A MIDAS Displacement Channel for Congested Markets -- The Problem: Mean Reversion in Sideways Markets -- The Solution: Applying a Displacement Channel to Sideways Markets -- MIDAS Displacement Channel Methodology -- Trading Implications of the MDC -- Additional Forecasting Implications -- Additional Benefit: Applying the MDC to Trending Markets to Capture Swing Highs in Uptrends and Swing Lows in Downtrends -- Second Benefit: Applying the MDC to the Problem of Price Porosity -- Comparing the MDC with the Moving Average Envelope -- The MDC in Relation to Topfinder/Bottomfinder (TB-F) Curves -- The MDC in Relation to the MIDAS Standard Deviation Bands -- Features of the MDC in Relation to other Boundary Indicators -- Summary -- CHAPTER 15 MIDAS and Standard Deviation Bands -- The MIDAS Standard Deviation Bands in Sideways Markets -- The MIDAS Standard Deviation Bands in Uptrends and Downtrends -- Band Adjustment for Shorter Timeframe Analysis -- The MSDBs and Narrowing Volatility -- Comparing the MSD with the MIDAS Displacement Channel -- Alternatives to Standard Deviation -- Trading with the MIDAS Standard Deviation Bands -- Summary -- CHAPTER 16 Nominal-On Balance Volume Curves (N-OBVs) and Volume-On Balance Curves (V-OBVs) -- On Balance Volume for the Uninitiated -- Nominal-On Balance Volume Curves -- The Dipper Setup -- Volume-On Balance Volume Curves -- Further Chart Illustrations -- Summary -- CHAPTER 17 Extensions, Insights, and New Departures in MIDAS Studies -- MIDAS Curves and Volume-Based Oscillators -- Correlation Analysis as an Effective Overbought/Oversold Oscillator.

The Contributions of Bob English -- Summary -- APPENDIX A Programming the TB-F -- APPENDIX B MetaStock Code for the Standard MIDAS S/R Curves -- APPENDIX C TradeStation Code for the MIDAS Topfinder/Bottomfinder Curves -- Notes -- About the Authors -- Index.
Abstract:
This book provides a new, powerful twist to MIDAS technical analysis, a trading method developed by the late Paul Levine. The authors show how to employ MIDAS in trading, from recognizing set ups to identifying price targets. The book explains the basics of MIDAS before demonstrating how to apply it in different time frames. Further, it extrapolates how MIDAS can be used with other more conventional indicators, such as DeMark or moving averages. In addition to introducing new indicators that the authors have created, the book also supplies new computer codes.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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