© Andrew Coles       Terms & Conditions | Privacy

Modified VWAP Methodologies
Share on Facebook
Share on Twitter
Share via e-mail
Share on Delicious
Share on Digg
Share on Google Bookmarks
Share on LiveJournal
Share on Newsvine
Share on Reddit
Share on Stumble Upon

Welcome to MIDAS Market Analysis

Technical Nonlinear Support & Resistance with

Modified VWAP Methodologies

MIDAS is an acronym for Market Interpretation Data Analysis System

The focus of this website is the technical application of modified VWAP (Volume Weighted Average Price)

techniques to the financial markets known as the MIDAS approach.

The MIDAS techniques in this website and in the related book MIDAS Technical Analysis: A VWAP Approach

to Trading & Investing in Today’s Markets have been taught in university courses and are currently the subject

of independent study intended for peer-reviewed academic publication. The techniques have also been implemented

extensively as part of private trader and hedge fund strategies globally. The same MIDAS techniques

have also been successfully programmed into automated daytrading systems under consultation with Andrew Coles.

Over the past few years, the aim of the MIDAS project has been to develop an independent approach to

technical market analysis with unique standalone indicators available for every type of market environment

while supplying information not available from other technical analysis approaches. The new MIDAS curves and

indicators to emerge in the book and in the ongoing MIDAS research in this website largely accomplish this goal.

The MIDAS project currently consists of eight indicators and five types of MIDAS curve with a further

twelve highly contextualised curve subsets from Second Generation (Gen-2) and Fourth Generation (Gen-4)

Curves. Not all of the indicators and curves have been published outside of this website and some of the work,

especially concerning Andrew Coles’ contextualised Gen-4 curves, currently remains proprietary.

To ensure correct attribution of intellectual ownership, each curve and indicator has been initialised, AC, Andrew

Coles, DH, David Hawkins, BE, Bob English, and PL, Paul Levine.

MIDAS In focus

Beginning with a narrow base in stock analysis, the MIDAS approach now extends into every area of market analysis, including the cash forex markets and the futures and options markets. While MIDAS also began primarily on the daily charts, it is now applied extensively not just over the intermediate daily timeframe but also to very long term secular trends as well as to very short term intraday price movement. Furthermore, progress in analysing price-volume relationships has led to the behaviour of MIDAS indicators in various volume contexts now being thoroughly understood, allowing the development of techniques that either compensate for certain types of volume behaviour or take advantage of it. Furthermore, the full range of MIDAS indicators now in existence means that there is an indicator available for every type of market context, depending on the focus and interests of the MIDAS user.  Latterly, MIDAS curves and indicators are now being extended beyond the basic VWAP and onto economic time series, other technical analysis indicators, as well as other well-established market analysis approaches such as sentiment and volatility.

The development of Gen-2 curves is wholly responsible for the expansion of MIDAS techniques into the forex market and futures and options. In the case of forex, Gen-2 curves can either be constructed without volume for higher timeframe FX analysis or with tick data for intraday applications. In the case of longer term futures and options analysis, volume can be replaced by open interest in MIDAS indicators allowing direct comparison with volume data.

The development of Gen-2 curves has also been responsible for a thorough understanding of price/volume relationships over the very long term, when the development of large volume trends can influence volume-based indicators markedly, as well as over the short term during futures contract rollover and even
narrower intraday volume movements.

The development of Gen-4 curves has led to the extension of MIDAS analysis onto other datasets with fractal trend characteristics, including economic time series as well as other technical analysis indicators and approaches to market analysis such as breadth, sentiment and volatility gauges. The key to much of this extension is identifying hidden inflection points not readily identifiable in standard VWAP contexts.

© A.Coles

MIDAS Technical Analysis

Stocks, Futures, Options, Forex

Market Adaptability

read more

MIDAS Technical Analysis



MIDAS Indicators 
MIDAS Curves

Volume & Substitutes

Volume & Substitutes

** The MIDAS/AC Displacement Channel was originally called by Andrew Coles the Anchored VWAP Channel. See "An Anchored VWAP Channel for Congested Markets, "Technical Analysis of STOCKS & COMMODITIES, volume 28: July, 2010.

† Gen-2 curves have 3 curve subsets

   and Gen-4 curves have 9 curve    subsets.

learn more learn more

The modified VWAP techniques in the MIDAS approach are varied. They refer not only to the range of adaptations made to the basic VWAP formula from which

the MIDAS system evolved but also to the generation of the new forms of indicator and the curves highlighted above.

In due course, the possibility of licensing the indicators and curves will be considered. This will result in the full suite of MIDAS indicators and curves being available as add-ons in familiar technical analysis platforms. A forum for the site is also under consideration and a decision on its implementation will be made shortly.

In the meantime, in the panel below site visitors can sample the contents of the MIDAS book and review the professional praise. Site visitors can follow the MIDAS project on Twitter and in due course subscribe to the MIDAS YouTube channel.

book reviews

A VWAP Approach to Trading & Investing in

Today’s Markets

The modified VWAP methodologies discussed in this website and utilised in the market commentary blog are extensively covered in the book in individually written chapters as well as in specialist publications.

Professional praise for the book is accessible via the book image.

Click here for the Table of Contents