- Short- and intermediate-term timeframes. If the volume trends on your chart encompass changes in volume that are less than 2:1, the no-volume MIDAS curves will be very close to the standard curves.
- Exchange-traded funds. In the mature portion of an ETF's chart, the standard MIDAS curves work just as well as if they were applied to the underlying index that includes volume data. But, in the immature regions that have very steep volume trends, one should only use the no-volume curves.
- Long-term timeframes—years. If the volume data are totally dominated by a strong, pervasive trend, the no-volume MIDAS curves generally work better. But there may be some special instances where the standard curves can give some unique insights.
- Very long-term ...
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