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.