Summary

  • First, launch standard MIDAS S/R curves from the major price turning points. These curves are called Standard MIDAS Curves.
  • If a significant turning point after an S/R curve launch point is far from being captured by the S/R curve, try launching a new S/R curve from several different starting points until the new curve exactly captures the subsequent turning point. The subsequent turning point is called the Calibration Point, and the new curve is called a Calibrated Curve.
  • Keep both the original S/R curve and the new Calibrated Curve on your chart.
  • If a significant turning point after an S/R curve launch point only slightly misses being captured by the curve, shift the starting point of the curve a few bars to either side until the curve ...

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