On Friday I mentioned that the 5-minute ES Futures was following the VWAP line. It was actually following the Midas Average. Most of the time, the VWAP Line and the Midas Average are almost the same line. On Friday, the VWAP Line was below the Midas average. The VWAP Line takes into account volume, while the Midas Average does not. The Midas Average is a good average to use on an index that does not have volume associated with it.
Sorry for the confusion.
Charles
No comments:
Post a Comment