Weis Wave with Alert MT5
- Indicators
- Trade The Volume Waves Single Member P.C.
- Version: 9.7
- Updated: 12 March 2023
- Activations: 10
Rental Package Options and Privilages
* For optimum results the yearly package is suggested due to live training and Discord channel trading with the creator!
| Rent | Monthly | Six Months | Yearly |
|---|---|---|---|
| Weis Wave with Speed with Alert+Speed Index | x | x | x |
| Manual | x | x | x |
| Quick Set up Video | x | x | x |
| Blog | x | x | x |
| Lifetime Updates | x | x | x |
| Setup and Training Material | x | x | |
| Free Rectangle Break Alert Tool | x | ||
| Discord Access Channel "The SI traders" | x | ||
| 2-hour live methodology training | x |
** NEW PLUTUS SIGNALS and ALL IN ONE **
Wychoff's UpThrust + Spring, Fake Breaks and Plutus trading signals added (for more info visit http://www.tradethevolumewaves.com )
(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
Manuals: https://www.tradethevolumewaves.com/manuals
Youtube channel: https://www.youtube.com/c/TradeTheVolumeWavesbyPDiamantopoulos
Weis Wave with Alert MT5
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 autowaves 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
- Load all Bars: true/false, if false Number of bars back will be loaded
- Number of bars back: numbers of bars that the indicator will load
- Wave Direction Change difference in Points: Number of points required for the current wave to reverse and form a new wave
- 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.
- Volumetype= true=Tick Volume, false=Real Volume
- 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.
- 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 Display: Show or not speed index on the chart 0-No Display, 1 Speed Index only, 2 Volume and Speed Index
- Show Plutus Patterns or Not
- Alert on Plutus Patterns:Popup, Sound, Email,
-
- SpeedAlert: There are two ways that you can be notified for Extreme Speed Index numbers the Automatic and the Manual, please refer to the manual for explanations.
- Alerts :Popup, Sound, Email, Push
- Alerts :Popup, Sound, Email, Push
Format Wave and Label
- ShowLabels: Display or not the wave type 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 on the price chart
- Format: LabelShift, Font size, Color Up, Color Dn, wave color, wave width
Volume Alert
The information 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 parameters
- 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 Miltiplier: Speed Index Multiplier for better display
- Reverse Style: inverts wave style
I just want to say thank for sharing your experience in putting together the "Weis Wave with Speedy Index Indicator". Using the Wyckoff Method, David Weis's Wave theory with Forex all in one. I would say it's not really a indicator, it's a way to read the charts for your self and not dependent on a line crosses this line or candle crossed a MA. I've been searching for many years trying to find some sort of logical process and common denominator in trading, I've spent thousands on all sort of esoteric books, platforms, data feeds etc. and was almost ready to quit, thinking I'm not smart enough to figure all this out. I've been applying the, "Trade The Volume Wave Method" for only three months, but I've had more consistent results and the confidence in what I'm learning will work. Even though I've made mistakes, now I know why and learn from them. Also, thanks for offering a two hour training session for free, for now, to get me up and running and the Discord Channel where we can discuss potential trades. Thank you Panagiotis (Takis) for giving all of us retail traders peace of mind and hope. Mark USA