MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets (Google eBook)

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John Wiley & Sons, Mar 23, 2011 - Business & Economics - 440 pages
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"MIDAS Technical Analysis offers an opportunity to introduce a new twist on an obscure technical analysis tool that can be used much more effectively today. Paul Levine a theoretical physicist and part-time technical analyst--created the MIDAS (Market Interpretation/Data Analysis System) system in 1990s based on VWAP (Volume Weighted Average Price). VWAP is not a technical analysis tool; it is a pricing method used by brokers and institutional investors to ensure efficient pricing and trading. Coles and Hawkins have taken Levine's work and greatly expanded on it, creating a truly useful tool for trading. They explain the basics of MIDAS and then go beyond it, showing how it can be used today. They demonstrate how it can be used in different time frames (different timeframes require different concepts and procedures) and how it can be used with other, more conventional indicators (e.g., DeMark or moving averages). They also introduce new indicators that they have created based on the MIDAS system (e.g., "Percent Displacement Bands"). They also show how to use MIDAS as a trading system: recognizing set ups, where to enter, where to place stops, identifying price targets, etc. Finally, the authors supply new computer code that goes beyond anything Levine supplied."--
  

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Contents

Introduction
Biographical Sketch Paul H Levine xix
CHAPTER 1
THE MIDAS TOPFINDERBOTTOMFINDER
THE LONGERTERM HORIZON OTHER VOLUME
CHAPTER 7
CHAPTER 8
NEW DEPARTURES
CHAPTER 10
CHAPTER 11
Copyright

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About the author (2011)

Andrew Coles, PhD, is an active trader running a private investment fund. He has a diploma in technical analysis from STA–UK and from the International Federation of Technical Analysts (IFTA). He is also a Certified Financial Technician (CFTe). He holds a master's and a doctorate and was a Postdoctoral Research Fellow of the British Academy.During his graduate and postdoctoral years, he worked at a number of institutions, including King's College (KQC) London, the Institute of Classical Studies, and Oxford University. He is the author of a previous book on the history and philosophy of science.

David G. Hawkins is a successful full-time trader. He holds an MS in physics from Brown University, has taught physics at Roger Williams University, and has designed optical and ultrasound components for graphics, medical, and telecom systems. He presents on MIDAS and other technical analysis topics at AAII conferences.

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