The MIDAS Topfinder/Bottomfinder on Intraday Charts

Andrew Coles

Little has been said so far in this book about the other major MIDAS indicator, the topfinder/bottomfinder, which for short we refer to as the TB-F indicator. The reason is that this indicator has a far more restricted application than the standard MIDAS S/R curves, and its use also requires more skill in application in addition to an appreciation of what defines a certain type of trend known as an “accelerated trend.” Over the next two chapters we look in detail at TB-F curves, beginning with this contribution, which leads the discussion because it contains the necessary step-by-step procedure for launching the curves. Unlike Hawkins, who looks as usual at longer-term ...

Get MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.