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The attached chart has the Win Midas intraday support/resistance lines
colored in red and cyan. They are accompanied by the dynamic fibonacci and
Gann midpoint posted this morning. Bet no one thought 1780 would be hit,
not even me. They are basically a trailing kind of stop based on the net
difference of cumulative price times volume between successive bars divided
by cumulative volume. They play on the accumulation and distribution of
volume scaled by price, sort of. The origin of the lines is best located at
where price makes an acceleration away from a previous support line, i.e.
where it comes out of a consolidation whether it be a base or a top. I'll
see if i can find the code posted publically before and contact the guy who
wrote mine and see what his feelings are about releasing it.
bobr
http://www.oextrader.com/sigma_trader
----- Original Message -----
From: "Prosper" <brente@xxxxxxxxxxxx>
To: "Real Traders" <realtraders@xxxxxxxxxxxxxxx>
Sent: Thursday, June 21, 2001 12:52 PM
Subject: Fw: [RT] WinMidas article
> Maybe nobody else read it either. I have been inching my way through it.
As
> far as code is concerned the only site that came up with anything on a
> search for WinMidas and Paul Levine code was a Russian site with text in
> Russian,
> so I haven't got a clue what it says.
>
> If the author explains how to plot those bands
> it could be useful. I use a similar method with bands based on Fibonacci
> retracements that works pretty well.
>
> Prosper
>
>
> > ----- Original Message -----
> > From: "J. Rodney Grisham" <Rod.Grisham@xxxxxxxxxxxxxxxxxxxxx>
> > To: <realtraders@xxxxxxxxxxxxxxx>
> > Cc: "Prosper" <brente@xxxxxxxxxxxx>; "BobR" <bobrabcd@xxxxxxxxxxxxx>
> > Sent: Thursday, June 21, 2001 7:52 AM
> > Subject: Re: [RT] WinMidas article
> >
> >
> > > Prosper wrote:
> > >
> > > > Can any of you actually see the bitmap pictures in this article.
> Without
> > the
> > > > example pictures, it's no good reading the article. So I'm
wondering,
> is
> > it
> > > > just my browser or is it the same for all of you?
> > >
> > > Earlier Bobr wrote:
> > >
> > > > Code has been posted in the past by others
> > > > on rt for TS and MetaStock.
> > >
> > > I answered Prosper's direct question, but my question is the
> > > following. Is Winmidas a method worth reading about? If so, do
> > > you have any idea when the TS code was posted on rt (or elsewhere)?
> > >
> > > Thanks,
> > >
> > > Rod
> > >
> >
>
>
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Attachment:
Description: "NQ.GIF"
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