O'Reilly logo

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

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

Using MIDAS S/R Curves in Markets without Volume: The Daily and Weekly Cash FX Charts

Technical analysts describe the intermediate trend as lasting between six weeks and nine months and the primary trend as between nine months and two years. The ideal chart timeframe for looking at the former is the daily chart, while for the latter the weekly timeframe is best. To remind ourselves again, on neither of these two chart timeframes does the cash FX trader have volume data.

Taking the MIDAS S/R curves first, we have found that a solution to the problem of the absence of volume involves the insertion into the MIDAS formula of a nominal “1” unit of trading volume in lieu of an empty cumulative volume field.

This solution may seem counterintuitive and ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required