Rank: Member
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Joined: 11/23/2005(UTC)
Posts: 22
Location: Chicago, Illinois
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Hallo Users,
TASC, in their lastest issue describes a technical indicator dubbed "Midas" which is useful for intraday markets. It generates a series of support and resistance lines where volume is one of the major inputs into the computation. The logic is that when a price breaks through one of these lines, a trade is triggered. They mention that a Metastock version is in the works. Anybody have any further information about this system.
Garp
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Rank: Advanced Member
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Joined: 9/13/2004(UTC)
Posts: 673
Location: Salt Lake City, UT
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Rank: Advanced Member
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Joined: 8/13/2005(UTC)
Posts: 170
Thanks: 7 times
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They hv given the code in that issue.
Works in Indian Mkt.
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Rank: Newbie
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Joined: 11/12/2008(UTC)
Posts: 7
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Hi Uasish
Can u reveal the Metastock code that is used for India market ?
Rgds
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Rank: Newbie
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Joined: 11/28/2008(UTC)
Posts: 1
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You can find the code for support/resistance here http://midasmarketanalysis.com/a-3/b/ and simply enter it as given. and here is the original paper/tutorial that describes the MIDAS method in detail: http://www.precisioncapm...f_Technical_Analysis.pdfHowever, I have not had a success in implementing the code for topfinder/bottomfinder curves provided on p.26 since it has to be done with DLL because there is some recursion that cannot be implemented with MetaStock code. If anyone can make it, that would be great.
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