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Weis Wave with Alert

5

** NEW PLUTUS SIGNALS and ALL IN ONE **

Plutus Long and Short trading signals added (for more info visit  http://www.tradethevolumewaves.com )

Different Wave Types, choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves 


**IF YOU PURCHASE DO NOT FORGET TO CONTACT ME BECAUSE THERE IS MORE: Two Hrs Webinar + Training Room + Trade with the SI Traders, all free for now. 


Free, two hour, one to one webinar covering setup , methodology and Q&A on any lifetime purchase.

How to trade with it: https://www.tradethevolumewaves.com/blog

Visit: http://www.tradethevolumewaves.com 

Manuals: https://www.tradethevolumewaves.com/manuals

Youtube channel: https://www.youtube.com/c/TradeTheVolumeWavesbyPDiamantopoulos

This is a Weis Wave indicator which is based on Richard D. Wyckoff theory. It works in all time periods, range bar and tick bar charts and it can be applied to any market.

This indicator is an evolution of Weis Wave because it offers the autwaves feature, different wave types as well as the powerfull Speed Index.  Each price wave is moving in a specific direction up or down until it reverses. In order for the indicator wave to reverse in the opposite direction, the price should exceed the number of points (pip*10) set in the parameters. Therefore, the last wave repaints but the theory behind this trading method is forecasting where the market will go by reading  the previous waves.


Trading Strategies:

www.tradethevolumewaves.com

Setup Parameters

  • Indicator Number: Multiple Indicators can be added on the same chart. Valid values "0 to 9" and "a-z"
  • Show Orders: display or not your orders
  • Difference: Number of points required for the current wave to reverse and form a new wave
  • AutoDifference: true/false - Neglects the Difference parameter and adjusts the Difference automatically creating more accurate waves.
  • AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
  • Weighted Volume: true/false - Weights volume of  different sessions taking into consideration that when London and US are operating at same time have the highest volume of all sessions occurs and adjusts the rest of the sessions. With this parameter it very easy visualize which volumes are significant even on Asian hours or non-significant on London-US hrs.    
Not to be used with constant tick charts.
  • Net Volume: 0-Disabled, 1-Price Close, 2 Price Median
  • Wave Type: 0-Regular Volume, 1-Pips, 2 Progressive Volume Rate. 3-Time, 4- Emphasized Volume Waves
    Speed Index Display and Alert Parameters
    • SI (Speed Index) Display:  Show speed index  0 No Display, 1 SI only, 2 Volume and SI
    • Show Plutus Patterns or Not
    • Alert on Plutus Patterns: Popup, Sound, Email, Push
    • SpeedAlert: Enable or not speed index alert - Speed Alert works on the previous wave - not the current which is forming.
    • AlertFont: Font for speed index when criteria are met (in order to be more visible and differentiate from the rest of speed indices)
    • SpeedIndexSizeSlowAbove: Trigger Alert if speed index is above setup number.
    • SpeedIndexSizeFastBelow: Trigger Alert if speed index is below setup number.
    • Alerts: Popup, Sound, Email, Push
    Format Wave and Label parameters

    ShowLabels: Display or not the volume, the pips and the number of bars of each wave

    What to Display:1-Volume,2-Pips, 3-Bars, 4-All, 5-Volume and Pips

    ShowWaveLine: Draw the wave line or not

    Format parameters: LabelShift, Font size, Color Up Color down, wave color, wave width.

      Volume Alert Parameters (Wave Type)

      The info displayed by the alert function are: the pair, the period, a message “Hign Dn Volume” or “High Up Volume” and the time.

      • Volume Alert above this limit: The value of cumulative volume that will be triggered if the alert is exceeded
      • Alerts: Popup, Sound, Email, Push
      Format Numbers for better display
      • VolDivBy: Volume divider in order to avoid big numbers on the display
      • PipDivBy: Pip distance  divider in order to avoid big numbers on the display
      • SI Multiplier: Speed Index multiplier for better display.
      • Reverse_style: negative down waves

      Location of parameters to be displayed (Corner, Y offset, X offset, Font, Font Size)


      Reviews 13
      Paulina Andrea Madariaga Figueroa
      2935
       

      My favorite indicator

      meshach williams
      33
      meshach williams 2021.11.29 21:57 
       

      This indicator is one of the best in the world. The support from the author is excellent and his knowledge on the forex market is incredible. combine this indicator with wyckoff and you will be profitable for sure.

      Marcos Yuge
      379
      Marcos Yuge 2021.08.03 08:56 
       

      This indicator, for sure, was one of the best I have ever purchased. Very easy to use. After choosing the asset and the direction I want to enter the market, I check if the indicator confirms my strategy. If it shows divergence I immediately cancel the trade. Similarly, I am very reassured when the market goes in the opposite direction after I am in the market. If it is a simple correction, the indicator will tell me and then I can continue trading. If it is something more severe, then I close my positions. All this, with a simple reading of the indicator. Other than that, I have to mention the author's website. It presents a lot of useful information and daily market analysis. In them you can see that the author really uses this tool for his daily trading. This increases the credibility of the product even more. Finally, the author is very accessible. Whenever I needed his support, I was promptly attended to. I would definitely recommend this indicator. It is worth the investment.

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      Filter:
      Paulina Andrea Madariaga Figueroa
      2935
       

      My favorite indicator

      Panagiotis Diamantopoulos
      6723
      Reply from developer Panagiotis Diamantopoulos 2022.01.06 11:12
      Thank you Paulina. Make sure you send me a proof of purchase because there is more for you. You can benefit from the two groups The Setup and Training as well as The SI Traders where we share potential trades. Plus mobile app to get notified of all. By the way all the above is free.
      meshach williams
      33
      meshach williams 2021.11.29 21:57 
       

      This indicator is one of the best in the world. The support from the author is excellent and his knowledge on the forex market is incredible. combine this indicator with wyckoff and you will be profitable for sure.

      Panagiotis Diamantopoulos
      6723
      Reply from developer Panagiotis Diamantopoulos 2021.11.29 21:59
      Thank you Meshach.
      Marcos Yuge
      379
      Marcos Yuge 2021.08.03 08:56 
       

      This indicator, for sure, was one of the best I have ever purchased. Very easy to use. After choosing the asset and the direction I want to enter the market, I check if the indicator confirms my strategy. If it shows divergence I immediately cancel the trade. Similarly, I am very reassured when the market goes in the opposite direction after I am in the market. If it is a simple correction, the indicator will tell me and then I can continue trading. If it is something more severe, then I close my positions. All this, with a simple reading of the indicator. Other than that, I have to mention the author's website. It presents a lot of useful information and daily market analysis. In them you can see that the author really uses this tool for his daily trading. This increases the credibility of the product even more. Finally, the author is very accessible. Whenever I needed his support, I was promptly attended to. I would definitely recommend this indicator. It is worth the investment.

      Panagiotis Diamantopoulos
      6723
      Reply from developer Panagiotis Diamantopoulos 2021.08.03 09:00
      Thank you for the nice review Marcos.
      JohnDoeish
      29
      JohnDoeish 2021.03.21 21:07 
       

      The combination of the Weis Wave indicator and the Speed Index invented by the author, sounded very appealing to me, so I gave it a try a month ago. I'm still learning how to apply the concept, but it clearly has a huge potential. The blog and the community of the authors' website - which I did not know about before signing up - are priceless.

      Panagiotis Diamantopoulos
      6723
      Reply from developer Panagiotis Diamantopoulos 2021.03.21 21:24
      Thank you for your kind words John. Have you joined the members, who are you?
      skelts
      76
      skelts 2021.03.12 06:14 
       

      Have had the indicator since January 2021, Takis has been very helpful and has explained via video the right way to use the indicator, he also sends an email if he finds a potential trade which fast tracks the learning curve and helps the trading bank as well. I believe it's the best Forex product I have ever bought, now it's just up to me to trust it and that is becoming a lot easier as the results start piling up in my favour. I once read that trading can be compared to a science experiment where you collect data points and assess the results over a set number of trades, using this Weiss Wave indicator you have a set of rules to follow and you can get as close to a science experiment as you can given that fx is still highly variable. Surprised there aren't more purchasers.

      Panagiotis Diamantopoulos
      6723
      Reply from developer Panagiotis Diamantopoulos 2021.03.12 07:29
      Thank you David for your kind words.
      jas1968
      141
      jas1968 2020.07.21 19:13 
       

      2 days ago I purchased this indicator. The indicator itself works fantastic. I have used many indicators in the past but this is head and shoulders above anything else. The author is very helpful and genuine and immediately after purchase offered to help me set it up. If you are a seriously wanting to up your trading game, this will give you the edge you need. Highly recommend.

      Kjetil1964
      25
      Kjetil1964 2020.07.03 18:40 
       

      a very good tool, it is not an indicator, but a tool, i don't use indicators they are all lagging, and made for smart money to screw us who they all call "dumb money" i am realist and i trade using wave patterns, volume and divergence, its the 3 only tools that can help a manuel technical trader, the weis wave speed index has become a vital tool for me especially when it comes to time the entries better than i used to do, i used it as my confirmation tool together with wave patterns and divergence, those 3 together are hard to beat, and f one of them dont agree with the other, the i go have a beer and wait for the trade to come to me, more than anything Panagiotis has saved me from entering bad trades which is as important if not more than entering good trades, also his support is very good and proves he is a serious guy, he does not only sells and disappears like many others in this market and on this page

      ykng1971
      296
      ykng1971 2020.04.25 10:59 
       

      I have purchased weis wave with alert, No demand No supply, Weis pip wave , all MT4 products. These are very good 5-star indicators. And Panagiotis is generous and extremely helpful in explaining the proper ways of using these indicators. These indicators are must haves for chart reading. I strongly recommend his products.

      johnlyj
      317
      johnlyj 2019.06.11 14:51 
       

      Simply a good quality indicator. It helps me to understand what the market is doing. Suitable for different type of strategies. Thanks Panagiotis for such a useful tool

      Tom sheep
      341
      Tom sheep 2019.04.08 18:17 
       

      The author has provided good support. Transaction strategies are being learned.

      forix7
      472
      forix7 2019.03.25 11:10 
       

      Simply fabulous indicator and Panagiotis is a very helpful Author / Seller - this indicator is a must have for any serious trader, the alerts help you monitor wave pips and the download is perfect and trouble free, upgraded indicator is certainly worth paying for and also has many many different trading opportunites / strategies - All updates and programming are A1 and faultless which are a pleasure to work with in this indicator industry, never any problems and NO repainting - I could not trade without this now - thanks for sharing the GREAT work of yours - It paid for itself in 12 hours just testing it, thanks again :)

      In addition to my review, i have just downloaded the updated AUTO version which is AMAZING - I no longer have to change the wave settings and can let the indicator do it for me automatically when switching time frames and charts, this indicator just gets better and better, thanks for your effort in updating it so it makes our lives easier, GREAT WORK

      knightraider7
      66
      knightraider7 2019.01.15 04:33 
       

      This purchase was smooth and the indicator delivered exactly as it promised.

      Chern Wang
      930
      Chern Wang 2018.06.02 06:30 
       

      User didn't leave any comment to the rating

      Reply to review
      Version 8.2 2021.04.28
      Fix issues with Signals Alerts
      Removed Show Plutus Individual Signals
      Version 8.1 2021.04.19
      Moved Signal to Entry Bar
      Color Speed Index before
      Fix a bug missing some alerts
      Version 8.0 2021.04.15
      Plutus Patterns Signal added which are high probability Long and Short trades. No need to scan your charts for Plutus Patterns, just setup the alert and you are ready to get notified.
      Recomended setting:
      Show Plutus Signal=true
      SI Ratio =2.0
      Min Wave Bars = This is the total number of bars of both waves forming the pattern. I recommend 4 when trading the 1HR, 3 when trading higher TFs. The smaller TF you are trading the higher number.
      Version 7.0 2021.03.01
      All In One
      Choose what Wave Type you would like to display:
      Regular Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves
      Version 6.7 2021.02.06
      Code Improvement
      Weighted Volume Algorithm Adjustment
      Version 6.6 2021.01.29
      Multiple Indicators can be added to the same chart
      Show your orders or not on the chart
      New Net Volume wave calculation according to Price Median
      New Volume Filter = Progressive Volume Rate
      Version 6.5 2020.12.18
      Net Volume: true/false - Bullish Cadnle =+volume and Bearish Candle=-volume. The Net Volume Wave= Absolute(+volume-volume)
      Version 6.4 2020.11.09
      Fixed Volume Level Line Color
      Version 6.3 2020.09.23
      Labelshift code improvement, you need to adjust your Labeshift start with value = 0.5 or 1.0 ,
      Added Volume and SI display together,
      Added SI Multiplier
      Remove weight volume on specific bars, weighted volume calculates all bars
      Version 6.2 2020.09.13
      code improvvement
      Version 6.1 2020.09.10
      Updated SI Algorithm and changed indicator name
      Version 6.0 2020.09.07
      Updated Weighted Volume Algorithm.
      Version 5.9 2019.09.19
      Added Daylight Savings
      Version 5.8 2019.09.18
      Adjusted weighted volume and added all bars weight.
      Version 5.7 2019.08.13
      Updated Speed Index, VolDivBy, PipDivby
      Version 5.6 2019.07.29
      New Algorithm for Weighted Volume and Adjustable Bars Back for Weight calculations
      Version 5.5 2019.07.26
      Show trade levels that were hidden in the previous version
      Version 5.4 2019.07.18
      Removed a print command.
      Version 5.3 2019.07.18
      Adjusted Autowaves
      Version 5.2 2019.07.15
      Adjusted Autowaves Algorithm
      Version 5.1 2019.06.02
      Display on chart AutoSensitivity parameter
      Version 5.0 2019.05.28
      1. New Auto Wave for more accurate waves and without adjusting when switching timeframes

      AutoDifference: true/false - Neglects the Difference parameter and adjusts the Difference automatically creating more accurate waves.
      AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
      Format Parameters for Auto Difference value displayed on chart as "WP Difference:xx" (Corner, Y offset, X offset, Font, Font Size)


      2. Adjustment of Labels shift.
      Version 4.4 2019.05.24
      1. Alignment of Labels when changing timeframes.
      2. Added different volume wave coloring on bars to how many bars were needed until the move has exceeded the difference parameter.
      Version 4.3 2019.04.10
      Add Negative Style = true/false changes the Histogram down waves to negative
      Version 4.2 2019.03.31
      Added parameters for Speed Index color and Speed Index Alerts color
      Version 4.1 2019.03.21
      Pip display adjustment
      Version 4.0 2019.03.21
      Added Advanced Volume filter: An advanced algorithm that filters volume in order to emphasize on significant waves
      Version 3.2 2019.01.20
      Fix Location of Labels on current wave forming
      Version 3.1 2019.01.19
      Fixed a bug on PipDivBy parameter
      Version 3.0 2019.01.14
      Major Update:
      New functions added to the indicator
      1. PipDivBy: Pips divider in order to avoid big numbers on the display
      2. Ability to choose which labels to display: 1 - Volume, 2 -Pips, 3 -Bars, 4- ALL, 5- Volume and Pips

      New Speed Index Display and Alert
      Speed Index= Wave Volume/Pip Distance - which means how much volume was needed to move 1 pip. The smaller the number is the faster the wave is. The larger the number is the slower the wave is.

      Alert functionality has been added if speed index is above a certain value and/or below a certain value.


      Push Notification has been added on both Volume and Speed Index
      Version 2.2 2018.11.14
      Adjusted weighted volume for JPY pairs.
      Version 2.1 2018.11.14
      Fixed a bug on weighted volume.
      Version 2.0 2018.11.11
      Added an option to Weigh Volumes according to Sessions. Considering that when London and US are operating at the same have the highest it adjusts the rest of the remain sessions (hours) accordingly to level them with London-US hrs.
      Version 1.2 2018.08.28
      Addition: The number of bars of each wave have been added on the wave label.
      Version 1.1 2018.06.20
      Changes on Alert Function