MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets

CHAPTER 9

Standard and Calibrated Curves

David G. Hawkins

“Standard” is the name I'm giving to the MIDAS S/R curves as defined by Paul Levine. Specifically, a Standard Curve is launched from a significant price turning point. After working with these curves over many years since Levine¹ introduced them, I have noticed that often, subsequent turning points are not captured by the Standard Curves. Sometimes, the failure to capture is only a minor porosity, but often turning points after the launch point are either significantly above or below the curve. In Chapter 2 I addressed this situation by looking at the curve launched from the same date but on the next-higher timeframe (or sometimes even the next-lower one). Often, that does give insight, ...