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Attachments: MIDAS Indicator by Dr. Paul Levine
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MIDAS Indicator by Dr. Paul Levine

Quoting v2vboni
MIDAS Channel: {image} Save vertical line - start time (current chart) Added Update speed control Added Instance ID - an option to load another Recommended TF: H4 or D1 or Best use with Volume Profile Note: This indicator can be started anywhere by dragging the vertical line Fixed minor issue (switching from TF-to-TF). 11:49 AM Sunday, February 3, 2019 Greenwich Mean Time (GMT) {file}

You may want to get the new one (v2v mod) >>> here
Intelligence is the ability to adapt to change. -- Stephen Hawking
Quoting v2vboni
MIDAS Channel: {image} Save vertical line - start time (current chart) Added Update speed control Added Instance ID - an option to load another Recommended TF: H4 or D1 or Best use with Volume Profile Note: This indicator can be started anywhere by dragging the vertical line Fixed minor issue (switching from TF-to-TF). 11:49 AM Sunday, February 3, 2019 Greenwich Mean Time (GMT) {file}
Hi v2vboni,

is there a reason why this indi is not working when placed on a chart? A also added a vertical line but that did nothing
I have added a new version to first post which also calculates extra lines using Highs and Lows.

Akif,
Quoting akift
I have added a new version to first post which also calculates extra lines using Highs and Lows. Akif,
Thanks Akif.

Just wondering if you can add code so that when you change the timeframe on the chart, the vertical line for the Midas start point stays in the same place? When I change the timeframe, the vertical line moves, which can be a little frustrating. Thanks.
  • Post #65
  • Quote
  • Edited Aug 11, 2019 4:19pm Aug 10, 2019 5:04pm | Edited Aug 11, 2019 4:19pm
Quoting akift
I have added a new version to first post which also calculates extra lines using Highs and Lows. Akif,
Hi there Akif, thanks for the indicator.

Is it possible to add the bottomfinder to the V1 indicator? Is there any reason why you didn't do it?

Also, this indicator you coded is a "no volume" version or it is using the tick volume data?
If using tick volume already, can you please code a "no volume" version?
Quoting Gauer
{quote} Hi there Akif, thanks for the indicator. Is it possible to add the bottomfinder to the V1 indicator? Is there any reason why you didn't do it? Also, this indicator you coded is a "no volume" version or it is using the tick volume data?
The algorithm is symmetric, so this is actually a topfinder/bottomfinder algorithm and yes it uses tick volume. The whole MIDAS concept is depend on VWAP so, at this moment I don't want to create a no volume version. But the source code is open so if you can code, you can easily create your own version of it.

Akif,
Here's the Mt5 Version of the MIDAS indicator that uses Real Volume and can be applied to Futures Markets. Enjoy
Attached File
File Type: ex5 Midas MT5.ex5   25 KB | 254 downloads
  • Post #69
  • Quote
  • Edited Sep 29, 2020 12:21pm Jan 7, 2020 4:15pm | Edited Sep 29, 2020 12:21pm
MIDAS Sniper Indicator

(info)

MIDAS Sniper
... is a semi-automatic indicator with highly qualified and accurate Buy/Sell Signals.


Features

  1. Easy Drag and Drop
  2. Recommended Buy/Sell Signals
  3. Individual Time Frame Memory
  4. Alert System


How to Use

  1. Identify an impulse or breakout in any market.
  2. Anchor MIDAS Sniper to the origin of the accelerated move by dragging and dropping the vertical line.
  3. Activate the Buy/Sell Alert System by clicking the circled button in the top right corner. White = OFF / Blue = ON.
  4. Wait for a Buy/Sell Signal to be generated.
  5. Enter the market with a Stop Loss above/below the Signal.


Parameters

  1. Select Unique ID: 1-10
  2. Show Buy/Sell Signals: Yes/No
  3. Select Signal Color: Yellow
  4. Show Displacement Curves: Yes/No

{ sensitive information deleted by staff, per request }

Attached Images (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 31 KB Click to Enlarge Name: Screenshot2.png Size: 85 KB
  • Post #70
  • Quote
  • Edited at 12:01pm Jan 12, 2020 11:33am | Edited at 12:01pm
Top Bottom Finder indicator

(info)
Top Bottom Finder

A Most Unusual Indicator
Paul Levine developed the TB-F in order to characterize an accelerated price move while it is in progress. He recognized that a price trend that is sufficiently rapid—accelerated—is a powerful, almost explosive event. Such events do not meander on endlessly; they have uniquely recognizable beginnings, middles, and ends. Each accelerated trend has a specific amount of cumulative trading volume that it consumes during its run, and once that is expended, the move is over. The purpose of the TB-F, when applied to anaccelerated trend that is in progress, is to identify, from the behavior that the trend has already displayed, what the total cumulative volume of the trend will have been once it ends. Having such information is, of course, very valuable to the trader, because then the trader can identify the end of the trend when it arrives, without having to wait for subsequent price action to reveal that the end has already passed. To learn more about the T-B Finder download the "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Todays Markets" - by Andrew Coles and David Hawkins.


When and How to Use The T-B Finder

  1. Identify an accelerated price move.
  2. Launch a T-B Finder curve fitted to point D which is the first pullback of the accelerated price move.
  3. Identify where the curve ends; 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, often a correction back to MIDAS.


Parameters

  1. Volume Step: 5
  2. T-B F Percent Color: Red
  3. T-B F Font Size: 16
  4. T-B F Percent Distance: 12

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Attached File
File Type: ex4 MIDAS T-B Finder.ex4   54 KB | 696 downloads
Good afternoon, how are you.
Please can you to explain what is the function of the button that selects values from 0 to ...., and which on your chart indicates 250
thank you
Best Regards
Julio Bento
I think the way it is to be used is like this...

The example pictured is a little late but if I had placed it sooner when it had just turned back down a few candles you can trade back to the level where the line is
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpg Size: 47 KB
Quoting jjibl
Good afternoon, how are you. Please can you to explain what is the function of the button that selects values from 0 to ...., and which on your chart indicates 250 thank you Best Regards Julio Bento
Hi Julio,

cfudge is correct, you use the panel to fit the t-b finder to point D.

Important notes

  1. For point D to qulify a minimum of 20% cumulative volume or "fuel" have to be spent at point D.
  2. Price can not break the t-b finder after the fitting point.
  3. Only works with accelerated trends.

Read the t-b finder chapter in the book linked for more info


Good Luck,

ty
Quoting StudentofSoc
MIDAS Sniper Indicator (info) MIDAS Sniper ...
Great coding SoS.
Very nice indicator indeed.

Akif,
Quoting akift
{quote} Great coding SoS. Very nice indicator indeed. Akif,
Thanks akift!
Quoting StudentofSoc
MIDAS Sniper Indicator (info) MIDAS Sniper ... is a semi-automatic indicator with highly qualified and accurate Buy/Sell Signals. Features Easy Drag and Drop Recommended Buy/Sell Signals Individual Time Frame Memory Alert System How to Use Identify an impulse or breakout in any market. Anchor MIDAS Sniper to the origin of the accelerated move by dragging and dropping the vertical line. Activate the Buy/Sell Alert System by clicking the circled button in the top right corner. White = OFF / Blue = ON. Wait for a Buy/Sell Signal to be generated....
in the indicator 'select signal color" parameter missing
  • Post #78
  • Quote
  • Edited at 11:37pm Apr 16, 2020 10:43am | Edited at 11:37pm
Quoting StudentofSoc
Top Bottom Finder indicator (info) Top Bottom Finder A Most Unusual Indicator Paul Levine developed the TB-F in order to characterize an accelerated price move while it is in progress. He recognized that a price trend that is sufficiently rapid—accelerated—is a powerful, almost explosive event. Such events do not meander on endlessly; they have uniquely recognizable beginnings, middles, and ends. Each accelerated trend has a specific amount of cumulative trading volume that it consumes during its run, and once that is expended,...

Hi sos
Check your whatsapp message box pls.
Many thanks
I have updated the channel indicator in the first post, if there is still people who want to use it

Akif,
Thank you akif!!
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