MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets
$24.22
| Author(s) | , |
|---|---|
| Format |
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| Pages |
479 |
| Published Date |
2011 |
MIDAS Technical Analysis 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.
Introduction:
This book is a study of the MIDAS method of technical analysis based on work that the physicist and technical analyst Paul Levine, PhD, published online in 1995. MIDAS is an acronym for Market Interpretation/Data Analysis System, and although mathematically and conceptually distinct, is a unique development of a market methodology known as Volume Weighted Average Price (VWAP). The latter is an approach to establishing price levels in today’s markets that has a variety of uses, from applications in the brokerage industry to trade-management benchmarking and latterly to a growing number of trading strategies and forecasting systems.
Although the MIDAS method uses the volume weighted average price, MIDAS algorithms are distinct from standard VWAP formulations and the more sophisticated techniques for applying MIDAS curves also differ fundamentally from standard VWAP applications. Accordingly, although this book title correctly describes MIDAS as a VWAP approach, it would be quite incorrect to conflate the two.
The aim of this book is twofold. On the one hand, regardless of the reader’s experience in technical analysis, one prevalent theme is to teach the basic principles of the MIDAS method as they were originally conceived of by Paul Levine in 1995. However, in many respects the technological changes that have affected the markets since that time on the hardware and software fronts mean that approaches to using the MIDAS method have inevitably evolved too, especially for contexts such as day trading and new markets.1 It has therefore been important to retain the basic authenticity of Levine’s teachings while allowing the approach sufficient flexibility to apply to these new areas, including the development of new MIDAS-based indicators.
Contents:
- MIDAS and Its Core Constituents: The Volume Weighted Average Price (VWAP) and Fractal Market Analysis
- Applying Standard MIDAS Curves to the Investor Timeframes
- MIDAS Support and Resistance (S/R) Curves and Day Trading
- The MIDAS Topfinder/Bottomfinder on Intraday Charts
- Applying the Topfinder/Bottomfinder to the Investor Timeframes
- Applying MIDAS to Market Averages, ETFs, and Very Long-Term Timeframes
- EquiVolume, MIDAS and Float Analysis
- Standard and Calibrated Curves
- Applying the MIDAS Method to Price Charts without Volume: A Study in the Cash Foreign Exchange Markets
- Four Relationships between Price and Volume and Their Impact on the Plotting of MIDAS Curves
- MIDAS and the CFTC Commitments of Traders Report: Using MIDAS with Open Interest Data
- Price Porosity and Price Suspension: The Causes of these Phenomena and Several Partial Solutions
- A MIDAS Displacement Channel for Congested Markets
- MIDAS and Standard Deviation Bands
- Nominal–On Balance Volume Curves (N-OBVs) and Volume–On Balance Curves (V-OBVs)
- Extensions, Insights, and New Departures in MIDAS Studies
MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets By Andrew Coles and David Hawkins pdf
8 reviews for MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets
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Emmeline Wiggins (verified owner) –
If you are already familiar with MIDAS and interested in re-discovering the powerful trading method developed by the late Paul Levine, then this will become your book of reference. If you are new to the MIDAS method, I recommend first reading the introductory chapters, then jumping to the very practical, money making Chapter 8, then applying the principles yourself. Armed with ‘hands-on’ knowledge, you will then access the wealth of information that this book provides in helping you to correctly read the markets.
Briggs Tucker (verified owner) –
This is an amazing book. Most books tend to be practical to the exclusion of the theory—theory which is so necessary if we are to adjust a tool when it ‘stops working’—or tend to be so theoretical as to be impractical. MIDAS Technical Analysis straddles both worlds with ease. As a result, the book is both a reference work and a practical ‘to do’ volume.
Kelsey Tanner (verified owner) –
The MIDAS curves can be used in any markets over any time frame. They are flexible, robust and powerful.
Francesca Simmons (verified owner) –
Been using MIDAS curves for some time and am familiar with authors web site and analysis
The book is OK but Paul Levine’s freely available lessons are adequate and am not sure why one should pay the price of this book
For those who are not familiar with MIDAS curves, they are volume-weighted averages, and depending on the data source, volume figures may change and may give different levels. I did not see any reference to this pitfall and was dismayed that authors chose not to mention that
A good analyst should know the shortcomings of his/her tool. A good salesman should point out the potential problem areas of what he/she sells
Esther Stewart (verified owner) –
MIDAS is a fascinating approach to trading – it’s both deep and practical. In its simplest form the indicator produces curves that serve as dynamic support and resistance, and their interaction with price offers a lot of insight for trading.
I discovered MIDAS a while back and always wanted to learn more. So I was delighted to discover this new book! It’s written as a reference, but highly accessible. The authors cover both theory and practical trading with a comfortable writing style. They explore in depth the concepts surrounding MIDAS but also show how to actually use it in trading. They discuss how MIDAS can be applied to different styles of trading on different time frames. Also, this book goes beyond the traditional approach and introduces a number of new extensions.
I’ve read dozens books on trading, and this is undoubtedly one of the top. MIDAS is one of the most interesting subjects I’ve found in technical analysis, and the authors have done it justice with this well-written volume that bridges theory and practice.
Whether you’re trying to better understand the market or looking for an edge in trading, this is definitely one to consider.
Bruno McBride (verified owner) –
Likely the correct formulation of balance lines and their probable locations. These act as decision making points of great importance in the market. A very nice adjunct to any trading system. Also, quite good for establishing general market theory concepts and allows us to get better insight into how the market actually works. Physics and mathematics finally meets the market and does a damn good job quantifying its behavior.
Luciana Curry (verified owner) –
A very long explanation on how to curve fit volume based lines. Much like Elliott Wave theory this book manages to find a way to interpret every chart after the fact.
Eliza Hart (verified owner) –
I’VE TRADED THE SP500 ES CONTRACT SINCE 1998 AND THIS IS THE FIRST ANALYTIC THAT HAS ADDED VALUE TO MY TRADING. OUTSTANDING WORK THAT SEEMS TO HAVE BEEN FORGOTTEN OVER TIME BUT ENJOYED A RECENT RESURGENCE. I CERTAINLY SEE WHY.