May 2011
Intermediate to advanced
464 pages
13h 30m
English
Paul Levine believed that his MIDAS curves worked because the price and volume readings marking the start of a change in trend (and for him in market sentiment) are intimately linked with subsequent changes in price and volume readings. The important question is what additional associations there are between these same price and volume data when they are adjusted in certain critical ways for sideways moving markets.
Several methods have emerged for containing a price series when it is sideways moving—or indeed trending—and it will be helpful to begin with a few definitions before discussing a VWAP-based solution for sideways markets.
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