MIDAS Curves within the Triple Screen System
Each chart of the triplet set has its own primary function. The long-term chart is the trend follower. The intermediate-term chart watches for pullbacks against the trend, and on the short-term chart we're primarily interested in breakthroughs of support or resistance. MIDAS curves address each of these functions very well. I take up each one of these, but before that, let's closely examine the basic properties and behaviors of the MIDAS curves.