MIDAS and Its Two Key Backdrops: VWAP and Fractal Market Analysis
The MIDAS approach consists of two primary indicators, the basic MIDAS support and resistance (S/R) curves and the more complex topfinder/bottomfinder curves. Let's make a start by considering very generally the relationship these two indicators have to the broader VWAP background prior to their development and that are still very much a part of the professional market trading context today.
Before MIDAS: Initial Motivations for VWAP
There have been several motivations behind the application of VWAP to the financial markets which emerged prior to Levine's development of the MIDAS method. None of them initially involved technical market forecasting, but since they're still very ...