Weis Wave with Alert MT5
359 USD
Demo downloaded:
2 818
Published:
26 November 2018
Current version:
11.0
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Version 11.0
2025.06.22
3 different Swing Methods: Auto, Manual and ATR
Syncronization of critical parameters among multiple indicators with master child relationshop
Display Panel analyzing X waves back
Display Box identifying the X waves back
New Plutus Algorirthm
Addiotional Plutus signals PUHTMD (long) and PDHTMU (short)
Syncronization of critical parameters among multiple indicators with master child relationshop
Display Panel analyzing X waves back
Display Box identifying the X waves back
New Plutus Algorirthm
Addiotional Plutus signals PUHTMD (long) and PDHTMU (short)
Version 10.0
2023.10.08
Added alerts for the two new signals PFBL and PFBS
Version 9.9
2023.10.08
Two more Fake Break Signals have been added:
PFBL - Plutus Fake Break Long
PFBS - Plutus Fake Break Short
PFBL - Plutus Fake Break Long
PFBS - Plutus Fake Break Short
Version 9.8
2023.07.17
New Wave Type added IPPR: Inverse Progressive Pip Rate. Please refer to the manual for a detail explanation!
Version 9.7
2023.03.12
Added a double signal of WS+PRL or WU+PRS when both conditions are met
Version 9.6
2023.02.14
New Feature added making the indicator faster by calculating part of the code only on New Bar creation. Just set "Calc OnNewBar=true"
This feature is extremely useful when you are working with Custom charts such as Tick Charts, Renko, Range, etc which are very CPU intensive but also if you have lots of charts open.
This feature is extremely useful when you are working with Custom charts such as Tick Charts, Renko, Range, etc which are very CPU intensive but also if you have lots of charts open.
Version 9.5
2023.01.16
Fixed Plutus signal moving to next bars
Version 9.4
2022.12.23
Rollback
Version 9.3
2022.12.23
Fixed displaying Pips instead of Points on Autowaves
Version 9.2
2022.12.16
Updated Autowaves Algorithm - AutoSensitivity adjustment might be necessary.
New Feature - Auto Fast and Slow Waves
Setting Speed Index Display to 4 the indicator will display next to Speed Index the letter F="Fast" or "S"=Slow to designate if the wave is fast or slow compared to the Average Speed Index.
You can set how fast or slow from the Extreme_Threshold parameter. For example., if you set the Extreme Threshold to 0.5 (50%) then if the wave's speed index is less than 50% of Average Speed Index it will be signified as F=Fast wave or if the wave's speed index is greater than 50% of the Average Speed Index it will be signified as S="Slow".
New Feature - Auto Fast and Slow Waves
Setting Speed Index Display to 4 the indicator will display next to Speed Index the letter F="Fast" or "S"=Slow to designate if the wave is fast or slow compared to the Average Speed Index.
You can set how fast or slow from the Extreme_Threshold parameter. For example., if you set the Extreme Threshold to 0.5 (50%) then if the wave's speed index is less than 50% of Average Speed Index it will be signified as F=Fast wave or if the wave's speed index is greater than 50% of the Average Speed Index it will be signified as S="Slow".
Version 9.1
2022.12.08
New Improved Autowaves Algorithm.
You might need to adjust your Autosensitivity setting.
You might need to adjust your Autosensitivity setting.
Version 9.0
2022.11.25
Fixed out of range bug
Version 8.9
2022.11.24
Improved Plutus Signals Algorithm
Version 8.8
2022.11.18
Improved real volume loop calculations
Version 8.7
2022.10.19
Code Improvements
Version 8.6
2022.10.11
Improve Autowaves Algorithm
Version 8.5
2022.10.07
Code Improvements
Version 8.4
2022.10.06
Fixed disappearing labels.
Version 8.3
2022.10.06
1. Added weighted average of Speed Index AvgWSI
2. Added weighted average of Speed Index of up waves uWSI
3. Added weighted average of Speed Index of dn waves dWSI
4. Code improvements
2. Added weighted average of Speed Index of up waves uWSI
3. Added weighted average of Speed Index of dn waves dWSI
4. Code improvements
Version 8.2
2022.09.23
Fix a small bug on High Volume Alert
Version 8.1
2022.09.22
New feature
Added Wyckoff and Fake Break Signals.
Option to Display Avg Speed Index next to Speed Index
Keyboard Z button to refresh chart (needed for tick charts)
Added Wyckoff and Fake Break Signals.
Option to Display Avg Speed Index next to Speed Index
Keyboard Z button to refresh chart (needed for tick charts)
Version 8.0
2022.06.17
Various Code Improvements
Version 7.9
2022.03.08
Improved Speed Index Algorithm
Version 7.8
2022.02.28
Fix deleting all objects when changing timeframe after last update.
Version 7.7
2022.02.23
Display/Calculate or not Average SI
Version 7.6
2022.02.23
Code optimization made it faster
Fixed Object delete
Fixed Array out of Range
Fixed Object delete
Fixed Array out of Range
Version 7.5
2022.02.15
1. New Feature: Automatic Extreme Speed Index Alert for Slow and Fast Waves
2. Added different color for Plutus SIs
2. Added different color for Plutus SIs
Version 7.4
2021.11.18
empty array error fixed
Version 7.3
2021.09.18
Code improvements om Speed Index Display
Version 7.2
2021.05.13
Fixed an array issue
Version 7.1
2021.04.28
Fix issue with Signal Alert
Removed Show Individual Signals
Removed Show Individual Signals
Version 7.0
2021.04.23
Plutus Patterns Signals added.These signals offer 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 (Speed Index Ratio)
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.
Recomended setting:
Show Plutus Signal=true
SI Ratio =2.0 (Speed Index Ratio)
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 6.0
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
Choose what Wave Type you would like to display:
Regular Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves
Version 5.3
2021.02.06
Code Improvement
Weight Volumed Algorithm Adjustment
Weight Volumed Algorithm Adjustment
Version 5.2
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
Show your orders or not on the chart
New Net Volume wave calculation according to Price Median
New Volume Filter = Progressive Volume Rate
Version 5.1
2020.12.18
Added Net Volume Waves option. Bulish Candle is considered a +volume and bearish Candlet is considered a -Volume.
The Net Volume Wave= Absolute(+volume-volume)
The Net Volume Wave= Absolute(+volume-volume)
Version 5.0
2020.09.23
Labelshift code improvement,you need to adjust your Labeshift start with value =0.5 or 1 ,
Added Volume and SI display together
Added SI Multiplier
Remove weighted volume on specific bars, weighted volume calculates all bars
Added Volume and SI display together
Added SI Multiplier
Remove weighted volume on specific bars, weighted volume calculates all bars
Version 4.9
2020.09.10
Updated SI Algorithm & changed indicator name
Version 4.8
2020.09.07
Added Weighted Volume features!
Version 4.7
2020.08.16
Added the option to Load All Bars or Specific Number of Bars
Weighted volume under development
Weighted volume under development
Version 4.6
2019.09.19
Adjusted Weighted Volume - added all bars weight-added DayLight Savings
Version 4.5
2019.08.13
Updated Speed Index, Volume divider and Pip Divider
Version 4.4
2019.07.18
Adjusted Autowaves
Version 4.3
2019.07.15
Adjusted Autowaves Algorithm
Version 4.1
2019.06.02
Added display of AutoSensitivity parameter on chart
Version 4.0
2019.05.28
1. ****NEW Auto Volume Waves ****
AutoDifference: true/false - Neglects the Wave Direction difference 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 "WV Difference:xx" (Corner, Y offset, X offset, Font, Font Size)
2. Adjusted Label Shift
AutoDifference: true/false - Neglects the Wave Direction difference 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 "WV Difference:xx" (Corner, Y offset, X offset, Font, Font Size)
2. Adjusted Label Shift
Version 3.2
2019.03.31
Added parameters for Speed Index color and Speed Index Alerts color
Version 3.1
2019.03.21
Pip display adjustment.
Version 3.0
2019.03.21
Added Advanced Volume Filter that emphasizes on significant volume waves.
Version 2.0
2019.02.03
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
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
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