Midas Indicator

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Midas Indicator

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The Market Interpretation/Data Analysis System (MIDAS) Midas Indicator  is a technical analysis tool used to identify potential support and resistance levels in financial markets. It was developed by Paul Levine in the 1990s and is based on the market philosophy of using price and volume as primary drivers of price action. Here more details Wikipedia  

(In finance, MIDAS Midas indicator (an acronym for Market Interpretation/Data Analysis System) is an approach to technical analysis initiated in 1995 by the physicist and technical analyst Paul Levine, PhD,[1] and subsequently developed by Andrew Coles, PhD, and David Hawkins in a series of articles[2] and the book MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today’s Markets.[3] Latterly, several important contributions to the project, including new MIDAS curves and indicators, have been made by Bob English, many of them published in the book.[4]) (Wikipedia)

The Midas indicator uses two lines to analyze price levels – the support line and the resistance line. The support line is the average of the highs minus the cumulative average of the lows for a given period. The resistance line is the average of the lows plus the cumulative average of the highs for the same period. The MIDAS indicator also includes a midpoint line, which is calculated as the average of the support and resistance lines.

Traders can use the Midas Indicator to identify potential entry and exit points in the market. When prices are trading above the MIDAS support line, it is considered a bullish signal and traders may look for long positions. Conversely, when prices are trading below the MIDAS resistance line, it is considered a bearish signal and traders may look for short positions.

The MIDAS indicator has gained popularity in recent years, especially among futures and forex traders, due to its ability to identify potential turning points in the market. However, as with any technical indicator, it is important to use the MIDAS indicator in conjunction with other technical and fundamental analysis tools to make informed trading decisions.

Midas Indicator
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Risk Disclosure: Futures and forex trading contains substantial risk and is not for every investor. An investor could potentially lose all or more than the initial investment. Risk capital is money that can be lost without jeopardizing ones’ financial security or life style. Only risk capital should be used for trading and only those with sufficient risk capital should consider trading. Past performance is not necessarily indicative of future results. Hypothetical Performance Disclosure: Hypothetical performance results have many inherent limitations, some of which are described below. No representation is being made that any account will or is likely to achieve profits or losses similar to those shown; in fact, there are frequently sharp differences between hypothetical performance results and the actual results subsequently achieved by any particular trading program. One of the limitations of hypothetical performance results is that they are generally prepared with the benefit of hindsight. In addition, hypothetical trading does not involve financial risk, and no hypothetical trading record can completely account for the impact of financial risk of actual trading. for example, the ability to withstand losses or to adhere to a particular trading program in spite of trading losses are material points which can also adversely affect actual trading results. There are numerous other factors related to the markets in general or to the implementation of any specific trading program which cannot be fully accounted for in the preparation of hypothetical performance results and all which can adversely affect trading results. Live Trade Room Disclosure:  This presentation is for educational purposes only and the opinions expressed are those of the presenter only. All trades presented should be considered hypothetical and should not be expected to be replicated in a live trading account. Testimonial Disclosure:  Testimonials appearing on this website may not be representative of other clients or customers and is not a guarantee of future performance or success.