Part Two: Using the MIDAS System alongside Other Technical Indicators

In his tenth lecture, Paul Levine was open to the possibility of combining MIDAS S/R curves with other indicators and suggested the MACD, Bollinger Bands, On Balance Volume, and conventional trendlines. This is all to the good, since many day traders will consider MIDAS not as a standalone trading system but as another tool to enhance other approaches they may already be using.

The following discussion covers a number of familiar and not so familiar technical indicators. As stated in the introduction to this chapter, no trader reading this half of the chapter will have an interest in all of these indicators. Rather, it's expected that readers will pick and choose what's of ...

Get MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets now with O’Reilly online learning.

O’Reilly members experience live online training, plus books, videos, and digital content from 200+ publishers.