• Overview
  • Reviews (1)
  • Comments (17)

MIDAS Trading Tools

MIDAS which is an acronym for Market Interpretation/Data Analysis System is the innovative work of the late technical analyst Paul Levine. The MIDAS approach is a stunning and most fascinating approach to the market as to how well it works and successfully manages to capture market pullbacks and predict top/bottoms with most definite precision.

The instructions and information below are at its very best a basic understanding of the MIDAS Technical Analysis System. It is highly recommended that traders interested in the MIDAS Indicators purchase the "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Todays Markets" - by Andrew Coles and David Hawkins to fully learn and understand the power of the MIDAS Technical Analysis System.

  • Top/Bottom Finder
  • MIDAS Support and Resistance Curves

The Top/Bottom Finder

  • The T-B Finder (Top/Bottom Finder) is an algorithm which when used correctly shows how much cumulative volume or "fuel" a trend have and can therefore be used to predict the end of a trend or most certainly the end of a market sentiment. When used properly with other market timing tools one can get very accurate reversal as well as trading signals for exiting and/or entering a position.
  • As the T-B Finder gets closer to its burnout-point the color changes gradiently, becoming darker and more rich in color. A percentage (%) is also shown at the end of the T-B Finder curve which displays how much cumulative volume or "fuel" is used up.

When and How to Use The T-B Finder

  1. Identify an accelerated price move where price fails to pull all the way back to the MIDAS Support/Resistance curve.
  2. Launch a T-B Finder curve fitted to the first pullback (the pullback that didn't make it all the way to the MIDAS Support/Resistance curve).
  3. Identify where it ends which is the burnout point (100% of the cumulative volume or "fuel" used up), and
  4. Imply that where it ends will result in some form of price response, especially and most often a pullback to the nearest MIDAS Support/Resistance curve.

The MIDAS Support and Resistance Curves

The MIDAS S/R curve is basically a moving support and resistance curve which works exceptionally well for capturing pullbacks from market impulses and/or breakouts.

When and How to Use the MIDAS S/R Curve(s)

  1. Identify an accelerated price move (impulse and/or breakout) in any market.
  2. Launch a MIDAS S/R curve from the start of the accelerated move.
  3. Wait for price to pull all the way back to the MIDAS S/R curve.
  4. Look for any type of odds enhancer that price will react to the MIDAS S/R curve, such as a divergence (in overbought/oversold conditions), etc.
  5. Enter a position with a Stop Loss above/below the MIDAS S/R curve.


  • Start Date: 2016.07.01 22.30 - (Select what date you wish to launch the MIDAS curve(s) from)
  • Show VWAP: True/False - (Displays MIDAS Curve)
  • Show Top Finder: True/False - (Displays Top/Bottom Finder)
  • Top Finder Volume Num Bars: 30 - (Select how much volume should be used for the Top/Bottom Finder)
  • Show Shifted VWAP: True/False - (Displays Shifted VWAP Curve / MIDAS Displacement Curve)
  • Shift: 20 - (Select shift amount for Shifted VWAP Curve / MIDAS Displacement Curve)
  • Show Average Price: True/False - (Displays Average Price)
  • Show Percent: True/False - (Displays percentage for the Top/Bottom Finder)
  • Percent Distance: 12 - (Select the location of the percentage bar on the chart)
  • Percent Font Color: Red - (Select the color of the percentage bar)
  • Percentage Font Size: 18 - (Select the Font Size of the percentage bar)
  • Alert: True/False - (Alert me when price touch the MIDAS Curve)
2016.08.18 00:07 

Simple effective and best. it requires some deep knowledge about swings, candle stick patterns. what i feel is if you learn it you will never be in the need of any other indicator. Above all the author is one of the nicest person i have ever encountered with on mql5. Great Job