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Weis Wave for MT5

This indicator is analogous to Weis Wave from the recognized expert David Weiss. It is a modern adaptation of the Wyckoff Method featuring 30-years experience on different markets. The main indicator objective is to calculate the cumulative volumes of the previous waves and the current one.


Indicator Features

  • It uses the real and tick volumes and thus may be applied to any market: futures, stocks, commodities and Forex.
  • It responds to changes in a price behavior of the current wave. The indicator may begin to form a new unconfirmed wave.
  • It works in all possible time periods.
  • Four types of different prices are available for the calculation.
  • Flexible configuration of the calculated data visualization.


Indicator Parameters

[Main Settings]

  • Volume type — type of volume (real or tick volume).
  • Price type — applied price (close, median, typical, weighted)
  • Wave size — wave size for the calculation of the indicator.
  • Volume rounding — rounding of volumes. It is used to reduce the numeric values of wave forces and for the ease of perception.

[Volumes and Waves Displaying]

  • Show volume labels — display/hide the numerical values of the wave strength on the price chart.
  • Show volume waves — display/hide the wave lines on the price chart.
  • Show current label — display/hide the current wave strength on the price chart.
  • Current label color — font color of the current wave strength.
  • Up label color — font color of the ascending waves strength.
  • Down label color — font color of the descending waves strength.

[Line and Font Styles]

  • Font type — font of the numerical values of the wave strength on the price chart.
  • Font size — font size of the numerical values of the wave strength on the price chart.
  • Wave width — width of the wave lines on the price chart.
  • Wave type — type of the wave lines on the price chart.
  • Determined wave color — lines color of the determined waves on the price chart.
  • Undetermined wave color — lines color of the temporarily undetermined waves on the price chart.

[Additional Information Styles]

  • Show info — display/hide the main indicator settings on the price chart.
  • Info location — location of the additional information block on the price chart.
  • Font type — font for displaying the indicator settings on the price chart.
  • Font size — font size for displaying the indicator settings on the price chart.
  • Font color — font color for the whole additional information block.
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Elliott Wave Trend was designed for the scientific wave counting. This tool focuses to get rid of the vagueness of the classic Elliott Wave Counting using the guideline from the template and pattern approach. In doing so, firstly Elliott Wave Trend offers the template for your wave counting. Secondly, it offers Wave Structural Score to assist to identify accurate wave formation. It offers both impulse wave Structural Score and corrective wave Structure Score. Structural Score is the rating to sh
200 USD
Volume by Price MT5
Volume by Price MT5
Brian Collard
The ' Volume by Price ' indicator displays the complex relations between volume , price and time in easy to interpret forms. Volume Profile and Market Profile along Volume Weighted Average Price to identify key levels and ranges. Instantly load basic or advanced compositions. Various range selection methods including drag and drop. Labels to indicate the scale and scope of data displayed, and comprehensive styling by attributes such as color, size, area etc. Available in three   editions   fro
199 USD
PZ Harmonacci Patterns MT5
PZ Harmonacci Patterns MT5
Arturo Lopez Perez
This is arguably the most complete harmonic price formation auto-recognition indicator you can find for the MetaTrader Platform. It detects 19 different patterns, takes fibonacci projections as seriously as you do, displays the Potential Reversal Zone (PRZ) and finds suitable stop-loss and take-profit levels. [ Installation Guide | Update Guide | Troubleshooting | FAQ | All Products ] It detects 19 different harmonic price formations It plots primary, derived and complementary Fibonacci p
299 USD
Limitless MT5
Limitless MT5
Dmitriy Kashevich
Limitless MT5 is a universal indicator suitable for every beginner and experienced trader. works on all currency pairs, cryptocurrencies, raw stocks Limitless MT5 - already configured and does not require additional configuration And now the main thing Why Limitless MT5? 1 complete lack of redrawing 2 two years of testing by the best specialists in trading 3 the accuracy of correct signals exceeds 80% 4 performed well in trading during news releases Trading rules 1 buy signa
1 399 USD
Harmonic ABCD Monitor MT5
Harmonic ABCD Monitor MT5
Mihail Matkovskij
Multi-currency, multi-timeframe, harmonic pattern indicator AB = CD. Supports sending push notifications about signals to a mobile device, messages on e-mail, as well as messages using alerts on all available currency pairs and timeframes. This indicator was based on the indicator Harmonic ABCD Universal. Version for MetaTrader 5:  https://www.mql5.com/en/market/product/44972 . See also: Harmonic ABCD Universal for MetaTrader 4 . Using modern software development methods has made the indicator a
230 USD
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Weis Wave for MT4
Weis Wave for MT4
Ruslan Safin
This indicator is analogous to Weis Wave from the recognized expert David Weiss. It is a modern adaptation of the Wyckoff Method featuring 30-years experience on different markets. The main indicator objective is to calculate the cumulative volumes of the previous waves and the current one. Indicator Features It responds to changes in a price behavior of the current wave. The indicator may begin to form a new unconfirmed wave. It works in all possible time periods. Four types of different pric
100 USD
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docbraun
112
docbraun 2018.10.19 14:35 
 

Hello, Ruslan, I have tried it already, and found it to be a great indicator. But could you modify it, to plot, alongside wave volume, the price movement, too? I gues then it would became a perfect indicator. Tks, keep up the excellent job...

Marcio Sales Santana
1183
Marcio Sales Santana 2018.09.12 15:40 
 

when I add this indicator to the graph, the mt5 gets very slow and crashes

Reply to review
Version 1.1 2017.02.16
Improved algorithm for determining the current wave.