Midas Up Indicator: Read Trend and Areas of Interest

Why the upper indicator is useful

The top indicator is used to understand the direction of the market and to find areas of interest from which the price can react, and with this you can accurately determine the trend and the levels of support and resistance from which you will make trades.

Instead of manually marking up and trying to understand the market by eye, you immediately get a fully structured picture:

• Where is it better to look, and what transactions to miss?
• where the trend is and when it changes;
• where are the strong levels from which the price will bounce;
• In which areas to fix the deal and wait for the reversal.

How Midas Up fits the trading process

A fundamental trading process is to determine the trend, find a strong level, confirm the price reaction and time the trade. Midas uses two indicators for these tasks: Midas Up shows trend direction and strong support and resistance zones, while Midas Down shows a price-wave reversal and helps time an entry.

The first two steps of the system are made by the top indicator.

1. 1

   Set the trend

   Open the chart and start with the upper indicator on a single timeframe instead of jumping between periods. Your first task is to choose the direction in which you want to trade, not to search for an immediate entry. The EMA set and price channel show market direction by colour. A yellow channel with crossing EMAs indicates a sideways market, where beginners should usually avoid trading because signals are noisy. Trading against the trend, trying to catch every correction or constantly predicting a reversal increases the risk of losses: there will be many opportunities to trade with a trend, but only one actual reversal. With experience, add money flow and large-participant accumulation or distribution to assess the broader market phase and a possible trend change; both tools are explained on the Midas Down page.

2. 2

   Finding areas of interest

   Next, find an area where price is likely to react so that a trade can begin near the start of a move rather than after most of it has passed. Use the automatically marked channel boundaries and support and resistance levels. In a clear trend, look for reactions from the price-channel boundary only in the trend direction. In a sideways market, focus on reactions from horizontal levels. Signals naturally appear after part of the initial move, so the strongest potential comes from trading at well-defined levels with entry confirmation from the lower indicator. With experience, add the liquidity heatmap and horizontal volume profile to judge which levels are strongest and where price may be attracted.

   

Combine the layers into one setup

A strong entry is a convergence of multiple factors at one point: using horizontal support and resistance levels, a price channel, moving EMAs, horizontal volumes and a heat map of liquidity together.

1. 1

   Find a level match

   We look for strong horizontal levels on the chart, which coincide with the boundaries of the price channel and horizontal volume shelves.

2. 2

   Confirm the importance of the zone

   We confirm the importance of the level by the presence of a nearby EMA or liquidity in the form of stops.

3. 3

   Wait for the signal.

   When the price approaches an important support area, wait for the BUY signal and open the long; when the price approaches the important resistance zone, wait for the SELL signal and open the short.