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MIDAS Trading Tools

4.67

The introduction of the MIDAS Trading Tools indicator represents the culmination of my trading expertise and innovative application. By incorporating new concepts and collaborating with fellow traders like Robert Young (US), we have enriched and enhanced this indicator. In the sections below, you'll find detailed descriptions of the variables comprising this indicator.

MIDAS which is an acronym for Market Interpretation/Data Analysis System is the innovative work of the late technical analyst Paul Levine. Levine strongly believed that the dynamic interplay of support and resistance and accumulation and distribution are the ultimate determinants of price behavior. After examining and rejecting all of the standard technical analysis techniques for determining support and resistance, he came up with a new approach - MIDAS!

MIDAS Trading Tools consists of two standalone indicators tailored for different market environments:

1. MIDAS Support/Resistance Curves: Unveils potent support and resistance levels while providing a method to assess the relative strength of a prevailing trend.
2. MIDAS Top-Bottom Finder Algorithm: Monitors the available "fuel" within an accelerating trend to anticipate potential tops or bottoms based on cumulative volume.

Basic Strategy & Concept

1. Identify a trend in any market.
2. Attach MIDAS Trading Tools to your chart.

3. Click on the red vertical line and drag it to a recommended anchor point ◆.
4. Activate the Buy/Sell Alert System by clicking the circled button in the top right corner. White = OFF / Blue = ON.
5. Wait for the price to retract to the MIDAS Support/Resistance curve, signaling a buy or sell opportunity.
6. Enter the market when a signal is generated, ensuring a minimum risk-to-reward ratio of 1:1+.
7. If the price accelerates away before fully retracing to the MIDAS Curve, launch and adjust the Top-Bottom Finder to the current pullback(s) by manipulating the cumulative volume in the bottom right corner to predict potential tops or bottoms.
8. When the Top-Bottom Finder reaches 100%, a retracement to the MIDAS Support/Resistance curve becomes probable.


For those new to the MIDAS Trading System and eager to explore the powerful trading methodology pioneered by the late Paul Levine, I suggest delving into "MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets." The authors guide you through the fascinating MIDAS universe, elucidating its variations with abundant charts and examples. Start by perusing the introductory chapters, then dive into the practical, profit-oriented Chapter 8 to apply these principles firsthand.

Parameters

  • Show Recommended Anchor Points: True/False
  • Show Displacement Curves: Yes/No
  • Top-Bottom Finder Fuel Step (Cumulative Volume): 5
  • Show Signal: Yes/No
  • Show Signal for...: All/Retracement/Break
  • Signal Color: Yellow
  • Pop-Up Alert: Yes/No
  • Pop-Up Alert Sound: ok.wav
  • Push Notification: Yes/No
  • Email Message: Yes/No


Comentarios 17
Epsilon Hogas
1517
Epsilon Hogas 2022.06.16 05:22 
 

Its a good indicator for identifying pullback buy position, thank you

Dapo01
366
Dapo01 2022.05.11 21:12 
 

Very effective Indicator for predicting price reversal. It is quite precise. Very supportive telegram group. Great trade with precise entry today. Highly recommended.

Irfan
595
Irfan 2022.05.11 18:20 
 

It is really a very effective trading tool. Also great support and guidance from the author.

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Identifique los rangos y los próximos movimientos probables   |  Obtenga las señales más tempranas y la fuerza de las Tendencias   |  Obtener salidas claras antes de reversión   |  Detecte los niveles de Fibo que el precio pondrá a prueba Indicador no repintado y no retardado - ideal para la trading manual y automatizada - adecuado para todos los activos y todas las unidades temporales Oferta por tiempo limitado >>   50% OFF Después de la compra, póngase en contacto con mi canal  para conocer lo
Trend Screener
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Indicador de tendencia, solución única e innovadora para el comercio y filtrado de tendencias con todas las funciones de tendencias importantes integradas en una sola herramienta. Es un indicador 100% sin repintar de marcos temporales y monedas múltiples que se puede usar en todos los símbolos/instrumentos: divisas, materias primas, criptomonedas, índices y acciones. Trend Screener es un indicador de seguimiento de tendencia eficiente que proporciona señales de tendencia de flecha con puntos en
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Oleg Rodin
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Scalper Vault es un sistema profesional de reventa que le brinda todo lo que necesita para una reventa exitosa. Este indicador es un sistema comercial completo que puede ser utilizado por operadores de divisas y opciones binarias. El marco de tiempo recomendado es M5. El sistema le proporciona señales de flecha precisas en la dirección de la tendencia. También le proporciona señales superiores e inferiores y niveles de mercado de Gann. Los indicadores proporcionan todo tipo de alertas, incluidas
ACTUALMENTE 31% DE DESCUENTO Este indicador es una herramienta de transacción única, de alta calidad y asequible porque hemos incorporado una serie de características propias y una fórmula secreta. Con solo un gráfico, da Alertas para los 28 pares de divisas. ¡Imagina cómo mejorarás porque puedes identificar el punto de activación exacto de una nueva tendencia u oportunidad de crecimiento! Basado en nuevos algoritmos subyacentes , hace que sea aún más fácil identificar y confirmar operaciones po
Up down v6T
Guner Koca
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Thise indicator is up down v6  comes with tradingwiev pinescript. purchased people, after installed on terminal ,contact me on mql5  to get BONUS  TradingView pinescript. up-down indicator is no repaint and works all pairs and lower than weekly time frames charts. it is suitable also 1 m charts for all pairs. and hold long way to signal. dont gives too many signals. when red histogram cross trigger line that is up signal.and price probably will down when blue histogram cross trigger line that
Gold Channel is a volatility-based indicator, developed with a specific timing algorithm for the XAUUSD pair, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the theory of the channel is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel it is a tra
ECM Channel MT4
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ECM Elite Channel is a volatility-based indicator, developed with a specific time algorithm, which consists of finding possible corrections in the market. This indicator shows two outer lines, an inner line (retracement line) and an arrow sign, where the channel theory is to help identify overbought and oversold conditions in the market. The market price will generally fall between the boundaries of the channel. If prices touch or move outside the channel, it's a trading opportunity. The
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The Trap Play MT4
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Filtro:
Robert
629
Robert 2023.05.13 13:07 
 

El usuario no ha dejado ningún comentario para su valoración

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.05.13 13:15
Thank you! :)
faithdefender
1726
faithdefender 2022.07.26 23:47 
 

I think if you are going to sell an indicator for a certain strategy after a person, you should be able to help guide the customer through the concept. Not just sending a twelve page document filled with YOUR indicators with limited pages dealing with the Midas indicator. While in the Telegram group, I asked for help with identifying placement of the indicator. It was a sincere question. Answer? "Isolated highs and lows are the best place to anchor MIDAS." He also said he would show how in the following text. But, he removed that text and has never responded. If things work out, I will update my review. But this speaks volumes when someone offers minimum help on an expensive indicator. UPDATE 8-23-22. Still not able to find the "isolated highs" where i was instructed toplace the indicator. Never heard back from the Vendor. I think the indicator could be be a tool if it had training where to place the points, but as I said, I have tried to take the indicator and place it at multiple spots where it may come and touch, but it does not. It is a bummer I didnt read the review by Hadi below that says "A supporting group with promising indicators. The author is more than welcome for us to learn more and the theory." What does that tell the customer when someone writes 'with promising indicators....'? Promising what? Did he even try the indicator? 10-6-22 I am upgrading my review to 4 stars. While I am still trying to figure it out, it has always been my conviction that quality AND price should be considered when writing a review. In fairness to the Vendor, this indicator is affordable and for that reason this should mitigate the review. I am still lost using it, but I do think someone with knowllege of VWAP may benefit. For this reason I want to remain positive. Update. 10-28-22 The indicator does not consistently work. When you apply it to the chart the vertical line is visible, but wherever you post it, the three lines will not display. I have sent a note to the Vendor. I have had to reduce the rating unless it is repaired. UPDATE 5-12-23 As you can see the Vendor has made some instructive and beneficial changes and I want to update the rating to four stars. He has designed it for people learning to use MIDAS and this most certainly helps me. I will continue to evaluate, but for now I have no problem with a recommendation. Thank you

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.05.11 10:25
Thank you for your extensive review. I have sent you a PM to try resolve the issue. Update: Please download the latest version (4.60) to find recommended anchor points :)
Epsilon Hogas
1517
Epsilon Hogas 2022.06.16 05:22 
 

Its a good indicator for identifying pullback buy position, thank you

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:24
Thank you
cattledog
255
cattledog 2022.05.18 11:01 
 

indicator not working and no way to reach seller.

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2022.07.09 16:50
You rented the indicator and immediately left a bad review. You haven't tried to contact me in any way.
Dapo01
366
Dapo01 2022.05.11 21:12 
 

Very effective Indicator for predicting price reversal. It is quite precise. Very supportive telegram group. Great trade with precise entry today. Highly recommended.

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:24
Thank you
Irfan
595
Irfan 2022.05.11 18:20 
 

It is really a very effective trading tool. Also great support and guidance from the author.

dkaramarko
237
dkaramarko 2022.05.11 11:40 
 

very useful and recommended and author is highly friendly and always prepared to help

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:24
Thanks
Vasileios Kapsis
180
Vasileios Kapsis 2022.05.05 20:47 
 

This is a first review concerning the MIDAS approach. As I gain experience I will keep adding more information. It looks like a very interesting tool. It requires some trading knowledge and you need to do your homework. It is not a black box that calls trades. It is a real trading tool. It is very easy to install and Carl-Gustav (the author) has a Telegram channel to assist members. Carl-Gustav is a professional trader and not some programmer that converted a trading system to an indicator. Overall the value for money is excellent and the support is outstanding.

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:24
Thank you :) :)
Sofwan Hadi
238
Sofwan Hadi 2022.04.26 09:06 
 

A supporting group with promising indicators. The author is more than welcome for us to learn more and the theory.

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:25
Thank you
Joao Flores Neto
2144
Joao Flores Neto 2018.01.16 17:51 
 

One of the best indicators, congrats, good job, guy.

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:25
Thanks
sateeqpal
23
sateeqpal 2017.10.26 19:04 
 

Ideal Indicator and Perfect Supportive Author.

I believe all types of traders will love it too much, since all of them are using the classic way along with their strategies.

If you like to have the indicator helps you for accurate entries, this one is ideal

it's really amazing for following the trends and wow for scalping.

My advice take it and try it, you will not regret (((along with that try to read the e-book if like to become a professional trader)))

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:25
Thank you
spacejockey
161
spacejockey 2017.10.13 13:05 
 

Great Indi

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:25
Thank you :)
jackhammer42
303
jackhammer42 2017.09.09 15:42 
 

Very good indicator and supportive developer!

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:25
Thank you :)
Bazi Siguqa
573
Bazi Siguqa 2017.08.24 00:38 
 

This is the first time where I am giving a good review because the product really works, other wise its always been about "the author asked me to give a good one". This is boss indicator I mean BOSS product!! I recommend u read the whole book by Andrew Coles and Hawkins

The best part is the support from developer!

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:25
Thank you very much :)
ZHE WEI
1240
ZHE WEI 2017.08.21 09:12 
 

El usuario no ha dejado ningún comentario para su valoración

fellan
35
fellan 2017.08.08 12:50 
 

El usuario no ha dejado ningún comentario para su valoración

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:26
Thank you
sbashir
266
sbashir 2016.08.18 00:07 
 

Simple effective and best. it requires some deep knowledge about swings, candle stick patterns. what i feel is if you learn it you will never be in the need of any other indicator. Above all the author is one of the nicest person i have ever encountered with on mql5. Great Job

Carl Gustav Johan Ekstrom
4265
Respuesta del desarrollador Carl Gustav Johan Ekstrom 2023.03.10 13:26
Thank you
Respuesta al comentario
Versión 4.70 2024.05.01
Enhancements to visual appearance.
Versión 4.60 2023.05.11
Major Update!

+ Visual improvements
+ Top-Bottom Finder algorithm improved
+ Indicator response time improved
+ Recommended anchor points
+ Price labels
+ Alert system
+ Buy and Sell signals
+ MIDAS displacement curves (adjustable)

Versión 4.50 2022.07.01
Minor Fixes.
Versión 4.40 2022.06.17
Minor Fixes.
Versión 4.30 2022.06.17
Major Upgrade include the following,

+ Buy/Sell Signals added.
+ On Chart Signal Button added.
+ Displacement Curves added.
+ Time Frame Memory added.
+ Pop-Up Alert added.
- Top-Bottom Finder Removed.

Versión 4.20 2022.04.26
Minor Update

- It is now possible to adjust the T-B Finder Percent (%) Comment under "Percent Distance)
Versión 4.10 2022.04.21
Minor Adjustment: Made T-B Finder "False" by default so that you can make it "True" when you spot an accelerated trend.

Versión 4.0 2022.04.11
Version 4.00: Improved User Experience!

- I have temporarily removed the Shifted VWAP. It will be back when further improved.

- Chart ID have been added, now you can have several copies on the chart.

- Visual aspects have been improved and enlarged.
Versión 3.99 2018.02.14
Version 3.99 - Back to Original MIDAS + Improvements (Paul Levine Indicator)

- Top/Bottom Finder (TB-F) have been added back on and users will be able to adjust to the correct volume or "fuel" necessary to fit the TBf Curve to point D directly on the chart. You no longer have to go back and forth in the settings.

- Shifted VWAP1 and VWAP2 have been added back on as well but with no adjustments as it is better for users to be able to fit and select high/lows of their interest, and not automatically.

- TD Relative Retracement have been removed, it is now available to download for free here: https://www.mql5.com/en/market/product/26640

Signals are discontinued until version 4.0 as major improvements are needed.
Versión 3.95 2018.01.16
Version 3.95

Whats New?

- Buy and Sell Signals
- Break Signals


Versión 3.90 2018.01.12
TD RRET + MIDAS v3.9 !

>>Read below before upgrading!<<

This version is merged with TD Relative Retracement (TD RRET) by Thomas DeMark.
This version mechanically determines the correct levels and anchor point, simply select high/low.


Important Notes:

1. I have decided to exclude the Top/Bottom Finder from this version until I can make point D be mechanically determined. I will also included a Top/Bottom Finder Price Projection in later versions.


2. I have decided to exclude the MDC from this version as well until I can make it mechanically determine the correct high/low to use, for better user experience and consistent analysis.
Versión 3.50 2017.08.14
MIDAS Trading Tools Version 3.50 contains;

-Drag and Drop features for easy adjustment and better user experience

-MIDAS + High + Low Curves

-Two Displacement Curves

-Magic Number; You need to assign a unique number to each copy that is launched to any chart or profile in your MT4 Terminal.