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Re: Midas Support and Resistance



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Mario,

>if You read S&C 5/2001 You can easy understand how the developer use this
>indicator (in the same manner of traditional supp/res); other informations
>were at his website but it's close now.

Yes, I remember the web site, and I remember all the information on it.
I just never could put the indicator into practice for real.  It looked
good in theory.

>At rocketdownload.com You can download his shareware; if You look at it, You
>can see that his midas supp/res works differently from Yours coded.

Actually, the only significant difference is that I use the highs
and lows as launching points for new support/resistance lines,
whereas he uses the close.  He also plots price versus cumulative
volume; I can't do that in TS so I plot price versus time.

-- 
  ,|___    Alex Matulich -- alex@xxxxxxxxxxxxxx
 // +__>   Director of Research and Development
 //  \ 
 // __)    Unicorn Research Corporation -- http://unicorn.us.com