Paul Levine – MIDAS Method of Technical Analysis

MIDAS Method of Technical Analysis

About this book

What is MIDAS Technical Analysis?
A form of technical analysis that’s used to calculate support and resistance levels for the price of a security to inform trading decisions.

Where have you heard about MIDAS Technical Analysis?
The MIDAS approach began in security analysis but is now used more widely in other markets including the futures and options markets.

What you need to know about MIDAS Technical Analysis.

MIDAS is an acronym for Market Interpretation Data Analysis System. It aims to provide an independent approach to technical market analysis with standalone indicators for each type of market environment. MIDAS was initially devised by Paul Levine in 1995 and further developed by Andrew Coles, David Hawkins and Bob English.

MIDAS uses an algorithm based on prices and volumes to identify theoretical support and resistance curves. These can be used to identify patterns which traders use to make decisions on when to buy and sell securities. There are currently eight MIDAS indicators and five types of MIDAS curve.

Find out more about MIDAS Technical Analysis.
The MIDAS approach applies modified VWAP (Volume Weighted Average Price) techniques. Read our VWAP definition for more information on this measure.

Author: Paul Levine

Paul Levine received a first-class BSc and a PhD, both in Mathematics, from the University of Manchester. He then taught and researched in the area of applied mathematics at Liverpool Polytechnic and the Polytechnic of North London before joining South Bank Polytechnic in 1972.

His move into economics began at South Bank as the result of collaborative research with Sam Aaronovitch into merger activity and a year studying for an MSc in economics (distinction) at Queen Mary College followed in 1977. In 1984 he became a senior research officer at the Centre for Economic Forecasting, London Business School and was appointed Professor of Economics at the University of Leicester in 1989. In 1994 he moved to the University of Surrey.

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