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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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Part Two: The Engineering Aspect of TB-F Curves

Now that we've understood the quantitative properties underlying the TB-F algorithm, it's time in the second part of this chapter to look at its application. Hawkins does this extensively on longer-term charts in Chapter 5, so here I want to do two things: first, to offer a number of tips on getting accurate forecasting measurements out of the TB-F algorithm; and second, to integrate its use experimentally with other trend-exhaustion tools.

An Alternative Consideration in the Launching of TB-F Curves

In the first part of this chapter, I discussed Levine's view that it's a necessary condition for the launching of a TB-F curve that price doesn't pull all the way back to a previously launched standard ...

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