At point 2 a second channel has been launched. Coles developed the indicator to solve a major gap in MIDAS analysis involving sideways moving markets. However, he has since also noted that it works very efficiently in lightly trending markets. In Bob English also anchored the bands in a TradeStation version of the indicator. Coles has cautioned against excessive use of this indicator while suggesting that its application be restricted to technical patterns known as Broadening Formations or to sharp, angular prices moves springing out of low volatility conditions or as part of zigzag price formations. This restriction is argued to be based on the main drawback of the indicator to fan out from asset prices much too quickly and much too excessively. Consequently, it can be anchored correctly to trends while its improved fitting methodology also allows it to be fit to larger trend pullbcks.