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Have you been able to develop a VWAP that we can anchor at a point of our choosing for Ninja? Or do you know if such a beast has been develop for Ninja? To date, i think this is only available for Sierra.
Can you help answer these questions from other members on NexusFi?
I agree with you ,Midas is too discretionary.but these curves are FRACTAL and works on ALL time frames.i extensively use basic S/R curves and found that Midas Channels are useful for a range bound market ad trend following entry signal...
this original article has a very limited practical application on Midas.especially TBF application in this article is
not practical on intraday time frames and can lead to unsuitable results.
Andrew Coles in his book recommended using Gann Angle (price trading above 45 degrees in Gann Angle) .
because with sticking to Levine's original criteria (price pullback's bottom doesn't come down all the way back to oroginal curve),we miss many setups and leads to misleading reading on percentage of TBF.
TBF examples are really rare.and i personally think while they have a great positive expectancy(because of reward /risk ratio in this trend following ),they are not good for trading discretionary . usually in 5 minute time frames ,in each trading week (5 trading days a week ). there are almost 3-5 accelerate trends in this time frame.that usually one out of
3 is catch able.so it doesnt have "opportunity factor" for trading on regular basis and if you leave your trading screen
for some minutes and miss that profitable TBF ,you should wait one week on average for another profitable setup.
Was looking at orderflow analytics and he uses a VWAP stop based on what he calls "transition" states more like .. little breakout / breakdown he places the stop above the VWAP which from his videos seems to work well ... so here is my contribution to get this going ... this will get you half way there. This is a cutom midas/vwap which you can start at any point .... the indicator can be improved by autmatically capturing Close/open/high/low, currently only does mid