MIDAS can be used in nearly any market. In the example above, we have today’s euro/dollar market on FOREX, plotted as 987 tick bars. It shows a single MIDAS support curve along with the TopFinder curve.
As price moves away from the low of the day, a MIDAS support curve can be launched. About 30 mins later we see the first pullback. Since the price does not come all the way back to the S curve, we can tell it’s an accelerated trend. In this case we’d add a TopFinder curve from the same launch point, and adjust its volume fuel so the TopFinder intercepts the pullback.
TopFinder is successful here at indicating the near top of the market. When TopFinder reaches the end, it’s a good time to sell or to use the curve as a stop.
Also, notice the original S curve is finally tested about 3 hours after it was launched. The retest is successful, but price moves into a sideways market.