<s>
In	O
finance	O
,	O
MIDAS	O
(	O
an	O
acronym	O
for	O
Market	O
Interpretation/Data	O
Analysis	O
System	O
)	O
is	O
an	O
approach	O
to	O
technical	O
analysis	O
initiated	O
in	O
1995	O
by	O
the	O
physicist	O
and	O
technical	O
analyst	O
Paul	O
Levine	O
,	O
PhD	O
,	O
and	O
subsequently	O
developed	O
by	O
Andrew	O
Coles	O
,	O
PhD	O
,	O
and	O
David	O
Hawkins	O
in	O
a	O
series	O
of	O
articles	O
and	O
the	O
book	O
MIDAS	B-Application
Technical	I-Application
Analysis	I-Application
:	O
A	O
VWAP	O
Approach	O
to	O
Trading	O
and	O
Investing	O
in	O
Today	O
's	O
Markets	O
.	O
</s>
<s>
The	O
MIDAS	O
curves	O
and	O
indicators	O
developed	O
by	O
Levine	O
,	O
Coles	O
,	O
Hawkins	O
,	O
and	O
English	O
have	O
also	O
been	O
commercially	O
developed	O
by	O
an	O
independent	O
trading	O
software	O
company	O
for	O
the	O
Ninja	B-Application
Trader	I-Application
trading	O
platform	O
,	O
while	O
individual	O
curves	O
and	O
indicators	O
have	O
been	O
officially	O
coded	O
by	O
developers	O
of	O
a	O
large	O
number	O
of	O
trading	O
platforms	O
,	O
including	O
Metastock	B-Application
,	O
TradeStation	O
,	O
and	O
eSignal	B-Application
.	O
</s>
<s>
This	O
order	O
-	O
a	O
complex	O
fractal	B-Application
hierarchy	O
of	O
support	O
and	O
resistance	O
levels	O
-	O
is	O
the	O
fundamental	O
reality	O
intrinsic	O
to	O
market	O
price	O
behaviour	O
.	O
</s>
<s>
Asset	O
price	O
support	O
(	O
accumulation	O
)	O
and	O
resistance	O
(	O
distribution	O
)	O
is	O
fractal	B-Application
,	O
meaning	O
that	O
an	O
underlying	O
order	O
to	O
asset	O
market	O
prices	O
can	O
be	O
found	O
at	O
all	O
degrees	O
of	O
trend	O
in	O
self-similar	O
arrangements	O
.	O
</s>
<s>
There	O
are	O
two	O
drawbacks	O
in	O
the	O
timing	O
of	O
asset	O
price	O
moves	O
in	O
MIDAS	B-Application
technical	I-Application
analysis	I-Application
centering	O
on	O
the	O
problems	O
of	O
price	O
porosity	O
and	O
price	O
suspension	O
.	O
</s>
<s>
Developed	O
by	O
David	O
Hawkins	O
and	O
Andrew	O
Coles	O
,	O
PhD	O
,	O
Gen-2	O
curves	O
process	O
artificial	O
market	O
volume	O
as	O
input	O
and	O
thus	O
mark	O
a	O
hugely	O
significant	O
development	O
in	O
opening-up	O
MIDAS	B-Application
technical	I-Application
analysis	I-Application
to	O
the	O
volumeless	O
foreign	O
exchange	O
market	O
and	O
also	O
the	O
futures	O
markets	O
in	O
the	O
processing	O
of	O
open	O
interest	O
(	O
instead	O
of	O
volume	O
)	O
in	O
the	O
Commodity	O
Futures	O
Trading	O
Commission	O
's	O
Commitment	O
of	O
Traders	O
Report	O
.	O
</s>
<s>
Additional	O
financial	O
data	O
sets	O
include	O
technical	O
analysis	O
momentum	O
indicators	O
such	O
as	O
the	O
MACD	O
,	O
volume	O
indicators	O
such	O
as	O
On-Balance	O
Volume	O
,	O
economic	O
datasets	O
such	O
as	O
the	O
Baltic	O
Dry	O
Index	O
,	O
market	O
volatility	O
datasets	O
such	O
as	O
the	O
VIX	O
,	O
market	O
sentiment	O
gauges	O
such	O
as	O
the	O
Put/Call	O
Ratio	O
,	O
yield	B-Algorithm
curve	I-Algorithm
analysis	O
,	O
market	O
spread	O
data	O
such	O
as	O
the	O
TED	O
Spread	O
,	O
and	O
intermarket	O
Relative	O
Strength	O
analysis	O
.	O
</s>
<s>
MIDAS	B-Application
technical	I-Application
analysis	I-Application
currently	O
consists	O
of	O
eight	O
indicators	O
developed	O
independently	O
by	O
Levine	O
,	O
Coles	O
,	O
and	O
English	O
.	O
</s>
<s>
The	O
indicator	O
has	O
been	O
officially	O
coded	O
by	O
the	O
developers	O
of	O
an	O
extensive	O
range	O
of	O
trading	O
platforms	O
,	O
including	O
Metastock	B-Application
,	O
Tradestation	O
,	O
eSignal	B-Application
,	O
Ninja	B-Application
Trader	I-Application
,	O
Wealth	B-Application
Lab	I-Application
,	O
AmiBroker	B-Application
,	O
Wave59	B-Application
,	O
Updata	O
.	O
</s>
<s>
The	O
first	O
application	O
of	O
standard	B-General_Concept
deviation	I-General_Concept
to	O
the	O
VWAP	O
emerged	O
in	O
a	O
Tradestation	O
forum	O
,	O
while	O
the	O
MIDAS	O
technique	O
of	O
launching	O
or	O
anchoring	O
the	O
curves	O
from	O
changes	O
in	O
trend	O
(	O
see	O
Tenet	O
(	O
4	O
)	O
above	O
)	O
first	O
appeared	O
in	O
the	O
trading	O
platforms	O
Ninja	B-Application
Trader	I-Application
and	O
Investor	O
R/T	O
.	O
</s>
<s>
Andrew	O
Coles	O
created	O
the	O
bands	O
in	O
Metastock	B-Application
in	O
2011	O
while	O
also	O
replacing	O
the	O
VWAP	O
formula	O
with	O
the	O
MIDAS	O
formula	O
.	O
</s>
<s>
Developed	O
by	O
Andrew	O
Coles	O
,	O
PhD	O
,	O
the	O
indicator	O
is	O
a	O
significant	O
improvement	O
over	O
the	O
MIDAS	O
Standard	B-General_Concept
Deviation	I-General_Concept
Bands	O
in	O
so	O
far	O
as	O
it	O
avoids	O
the	O
rapid	O
and	O
excessive	O
fanning	O
problem	O
associated	O
with	O
the	O
indicator	O
.	O
</s>
<s>
The	O
fractal	B-Application
aspect	O
of	O
MIDAS	O
is	O
translated	O
in	O
the	O
indicator	O
into	O
various	O
key	O
volume	O
levels	O
capable	O
of	O
being	O
visually	O
identified	O
on	O
a	O
chart	O
,	O
which	O
thereby	O
alert	O
to	O
changes	O
in	O
trends	O
of	O
various	O
sizes	O
and	O
thence	O
aid	O
in	O
market	O
timing	O
decisions	O
.	O
</s>
