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

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

by Andrew Coles, David G. Hawkins
May 2011
Intermediate to advanced
464 pages
13h 30m
English
Bloomberg Press
Content preview from MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets

The MIDAS Standard Deviation Bands in Uptrends and Downtrends

There's absolutely no reason for the application of the MSDBs being restricted to sideways markets. Figure 15.2 is a 5m chart of the DJ Eurostoxx 50 September 2010 futures again showing three trading days. The market until the vertical line is in an uptrend with the emphasized middle curve again a standard MIDAS support curve between the outer bands. In the uptrend two of the bands resist price while in the downtrend the first lower band, which by now has expanded considerably, supports the downtrend on two key occasions, although in the first instance there is price suspension.

So far, we've taken a pretty broad perspective when using this indicator inasmuch as the market action analyzed ...

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Publisher Resources

ISBN: 9781576603727Purchase book