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Master Weis

FREE

Published: 28 August 2026

Current version: 1.1

Master Weis

Indicators
Leonel Alberto Jose Quintana
Leonel Alberto Jose Quintana
Brasil

Brazil

1461
Version: 1.1

Master Waves for MetaTrader 5

Description

Master Waves is a technical indicator developed for MetaTrader 5 that organizes volume into price movement waves.

The indicator analyzes the direction of each candle and accumulates volume while the movement remains in the same direction. When the direction changes, a new wave begins.

The waves are displayed as a histogram in a separate indicator window. Waves associated with upward and downward price movements are shown with different colors for clear visual analysis.

Wave Analysis

The volume of the current wave is compared with the average volume of previous waves. This comparison helps show the relative intensity of each movement within the analyzed price history.

The indicator uses available tick volume. When necessary, the volume provided by the instrument is used as an alternative.

Score and State

Master Waves internally calculates a Score between minus 100 and plus 100 based on the relationship between the current wave volume and the average of previous waves.

Positive values represent upward movements and negative values represent downward movements. The indicator also calculates a State that classifies the current condition as positive, negative or neutral.

Parameter

InpAvgWaves
Defines the number of previous waves used to calculate the reference average.

Usage

Master Waves can be used as a complementary tool for volume analysis, price direction analysis and comparison of market wave intensity.

The indicator can be applied to different instruments and chart timeframes available in MetaTrader 5.

Important

Master Waves is a technical analysis and decision support tool. The indicator does not predict future market movements and does not guarantee financial results. The displayed information should be evaluated together with market context and the analysis and risk management criteria used by the trader.

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Master Weis

Leonel Alberto Jose Quintana