MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets
by Andrew Coles, David G. Hawkins
Introduction
Andrew Coles
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 amarket 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 ...
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