- During the writing of his lectures Paul Levine was beginning to explore new ways of combining the MIDAS method with other technical indicators and was also starting to explore ways of creating additional indicators from within the MIDAS approach.
- One such experimental indicator was the “DIST” indicator. Although when plotted in real time it appears to have several imperfections, we can retain the emphasis on volume in the MIDAS approach and convert the OBV indicator to do the job Levine intended.
- The “Stoch-OBV” indicator isn't tagged to a particular curve, so it doesn't suffer from displacement nor require multiple copies. It creates robust overbought and oversold signals. The “MACD-OBV” is an unbounded oscillator that produces better ...
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