In a recent post, I mentioned that a new blog category folder had been created to house ongoing MIDAS research.

Today I’ve also now created two further categories, namely “MIDAS tutorials” and “MIDAS Trade Setups and Trade-Management”.

The purpose of these additional categories is to allow extra dimensions to the blog aside from its obvious role in market commentary. These extra dimensions will create further interest to visitors to the site as well as to us and hence broaden the site’s scope.

The “MIDAS tutorials” category is self-explanatory. Here, we’ll occasionally draw attention to more advanced areas of MIDAS application. The first post in this category folder is David’s recent one on adjusting D appropriately in the Topfinder/Bottomfinder in relation to a strong trend. Shortly, I’ll be posting a tutorial on how to understand the volume component in the VWAP formula upon which MIDAS curves are traditionally based. Appreciating this component is vitally important in understanding the displacement of MIDAS curves from price and represents the second, more advanced, stage in the regular use of standard MIDAS support/resistance curves.  This is not a part of Paul Levine’s original work and goes far beyond it.

The other category, “MIDAS Trade Setups and Trade-Management”, is again self-explanatory and will provide illustrations in accordance with Coles’ Chapter 3 in the book and Hawkins’ Chapter 8.

A.Coles, March 23, 2011

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