Midas (VWAP) Custom Period

November 22nd, 2013, 05:16 PM

Fat Tails

...It is still one of my projects, to attach the VWAP to the swing points of a zig zag and use it for establishing support and resistance. For FOREX you would need to replace the VWAP with a TWAP, as there is no volume information.

@Fat Tails

Have you been able to develop a VWAP that we can anchor at a point of our choosing for Ninja? Or do you know if such a beast has been develop for Ninja? To date, i think this is only available for Sierra.

November 22nd, 2013, 05:28 PM

trendisyourfriend

@Fat Tails

Have you been able to develop a VWAP that we can anchor at a point of our choosing for Ninja? Or do you know if such a beast has been develop for Ninja? To date, i think this is only available for Sierra.

It is available here, but you have to pay for it.

Midas Explorer - Interactive MIDAS Tools for [AUTOLINK]NinjaTrader[/AUTOLINK] and MultiCharts

November 22nd, 2013, 07:22 PM

GomMP has a VWAP and you can define a custom profile that starts anywhere. Wouldn't this achieve the same result?

November 22nd, 2013, 07:27 PM

srgtroy

GomMP has a VWAP and you can define a custom profile that starts anywhere. Wouldn't this achieve the same result?

No, it would not.

December 22nd, 2013, 04:11 AM

futuretrader

Automation is always fun, but I think Midas is too discretionary for that route to be very productive. The
'extensions' are largely ways to make it work when the basic SR curves don't fit the price action.

Unfortunately they don't come into play until you've discovered that the basic curve doesn't work, and by then it's often too late, at least for my time frames. The channels are the only extensions that I've so far found useful.

I agree with you ,Midas is too discretionary.but these curves are FRACTAL and works on ALL time frames.i extensively use basic S/R curves and found that Midas Channels are useful for a range bound market ad trend following entry signal...

December 22nd, 2013, 04:19 AM

futuretrader

Here are Levine's original articles, which are the basis for it all.

Attachment 59503

this original article has a very limited practical application on Midas.especially TBF application in this article is
not practical on intraday time frames and can lead to unsuitable results.
Andrew Coles in his book recommended using Gann Angle (price trading above 45 degrees in Gann Angle) .
because with sticking to Levine's original criteria (price pullback's bottom doesn't come down all the way back to oroginal curve),we miss many setups and leads to misleading reading on percentage of TBF.

December 22nd, 2013, 04:26 AM

futuretrader

As Levine says, Top/Bottom-Finder examples are generally rare. There was a pretty good example on yesterday's TF, though.

TBF examples are really rare.and i personally think while they have a great positive expectancy(because of reward /risk ratio in this trend following ),they are not good for trading discretionary . usually in 5 minute time frames ,in each trading week (5 trading days a week ). there are almost 3-5 accelerate trends in this time frame.that usually one out of
3 is catch able.so it doesnt have "opportunity factor" for trading on regular basis and if you leave your trading screen
for some minutes and miss that profitable TBF ,you should wait one week on average for another profitable setup.

January 20th, 2014, 08:12 PM

Midas Technical Analysis has a less expensive version than midas explorer.

March 7th, 2014, 10:52 AM

from the mind of Richard a MIDAS touch
technical_analysis:anchored_averages [Move the Markets]

July 19th, 2015, 08:09 PM

Was looking at orderflow analytics and he uses a VWAP stop based on what he calls "transition" states more like .. little breakout / breakdown he places the stop above the VWAP which from his videos seems to work well ... so here is my contribution to get this going ... this will get you half way there. This is a cutom midas/vwap which you can start at any point .... the indicator can be improved by autmatically capturing Close/open/high/low, currently only does mid

Midas (VWAP) Custom Period

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Midas (VWAP) Custom Period