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Modified VWAP Methodologies
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Essay one continued

The formula behind TB-F curves

The mathematical implications of what we’ve been discussing can be expressed in the following formula for TB-F curves.

Page: Formula 2

The MIDAS approach to technical analysis is a robust standalone technique and can be used to great effect with disciplined trade-management.

What combines in the system to allow this to happen is a combination of two factors. First, the fact that MIDAS is a fractal system means that no portion of the trend is exempt from the application of standard M-S/R curves. Even standard M-S/R curves that cannot keep up with accelerated trends still have vital roles to play subsequently when these trends end and price begins to reverse towards previous zones of accumulation and distribution. During periods of trend acceleration, TB-F curves perform masterfully as support and resistance curves in their own right – a function that is neither well-understood nor appreciated by those new to TB-F curves. Beyond this function, the D component of TB-F curves also means that they have an astonishing capacity to identify and time the termination of accelerated trends with either a subsequent resting phase following, or a new higher or lower acceleration to the trend, or a complete trend reversal.

© Andrew Coles


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