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MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets by David G. Hawkins, Andrew Coles

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The So-Called Interpolation

This section addresses Levine’s2 rather cryptic instructions on how to take into account the e-point location in the calculation of the TB-F. Figure A.1 shows the SPDR Gold Shares, ticker GLD, monthly bars, from October 2008 through the middle of January 2010. I've deliberately chosen one of those rare examples, which has only one significant pullback and a very small number of price bars, only 16, so that the proper treatment of the e-point is very significant. On an example such as this, even a small error in taking the e-point into account will produce a sizable distortion to the shape of the TB-F curve, which will be immediately recognizable. I'm presenting this example in detail so that it may be an exercise for ...

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