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Weis Waves

The original author is David Weis, an expert in the Wyckoff Method. The Weis Wave is a modern adaptation of the 1930's Wyckoff Method, another expert in Tape Reading techniques and Chart Analysis. Weis Waves takes market volume and stacks it into waves according to price conditions giving the trader valuable insights about the market conditions.

If you want to learn more about this subject you can find tons of videos in YouTube. Just look for "The Wickoff Method", "Weis Wave" and "Volume Spread Analysis".

There is also the book David Weis wrote himself called "Trades About to Happen" (Wiley Trading Series).


FEATURES

  • Volume Waves stacked according to a threshold (*in TICKS*) adjusted by the user for each Symbol, so you can exactly grab the market swings.
  • You can set the number of bars you need to load in your study, so you can limit the load and usage of MT resources and gaining speed of processing.
  • You can change the color and style of the waves.
  • You can Unstack the volume into a simple histogram if desired.
  • You can use Real Volume or Ticks Volume.
  • You will have Up Waves and Down Waves, and the new and yet unknown wave being formed will have a white (user-changeable) color.
  • Sometimes MT5 cache of data gets delayed or not renewed, so some bars can momentarily disappear. The indicator will detect and correct the missing bars in a timed interval if needed.
  • If for some reason the terminal is closed during a session, you may encounter during the restart some bars mixed at the current wave. This is normal, give the indicator a time for recomposing itself to the current state of the market...
  • This indicator was developed for Intraday trading (Day Trading), so you can use it on a maximum of H1 chart.

A mighthy companion will be the Waves Sizer, which is shown inside the chart and measures the distance Price traveled along the swings...
Get yours here:

https://www.mql5.com/en/market/product/41721


    If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...   

    This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...

    With No Strings Attached!  Ever!


    Live Long and Prosper!

    ;)


    RELATED TOOLS THAT COULD ENHANCE YOUR READING...

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    Reviews 24
    valdecism
    77
    valdecism 2020.12.06 22:36 
     

    I am trying it yet. Looks good! Thanks to developer for share it with us.

    vassill
    22
    vassill 2020.11.22 08:20 
     

    Отлично

    Guilherme Mendonca
    1471
    Guilherme Mendonca 2020.09.24 14:36 
     

    Bom indicador

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    Filter:
    taxmedicine
    14
    taxmedicine 2021.09.04 09:37 
     

    Past Bars Volume Data not received from the server yet.... Waiting ... Error : 44043 . The indicator isnt working

    Flavio Jarabeck
    326791
    Reply from developer Flavio Jarabeck 2021.09.04 13:02
    If you are using on Forex, use the correct Volume setting, which is "TICKS". Forex does not have Real volume.
    vince cent
    128
    vince cent 2021.05.16 17:47 
     

    To get Weis Just need another indicator. This don't work. One bar and an error message.

    Flavio Jarabeck
    326791
    Reply from developer Flavio Jarabeck 2021.09.04 13:02
    If you are using on Forex, use the correct Volume setting, which is "TICKS". Forex does not have Real volume.
    Vilarinho
    16
    Vilarinho 2021.04.16 23:18 
     

    Um ótimo indicador, mas tem o defeito de parar do nada e mostra como erro. daí tem q mudar o tempo gráfico e voltar para ele atualizar...

    Cavalcante92
    24
    Cavalcante92 2021.03.02 01:28 
     

    é bom, mas precisa da uma melhorada, está apresentando alguns bugs , demorando dar as respostas quando a onda gira

    Michael Dias
    64
    Michael Dias 2020.12.26 04:55 
     

    O indicador é bom sempre usei Weis Wave, mais precisa melhorar um pouco no carregamento, tem uns delay no carregamento da umas travada e as vezes tem que trocar de M1 para M5 para atualizar.

    valdecism
    77
    valdecism 2020.12.06 22:36 
     

    I am trying it yet. Looks good! Thanks to developer for share it with us.

    vassill
    22
    vassill 2020.11.22 08:20 
     

    Отлично

    Fabio Bonsenhor
    19
    Fabio Bonsenhor 2020.11.16 16:21 
     

    o indicador seria nota 10 se não travasse toda hora.

    Lucas Tiago
    18
    Lucas Tiago 2020.10.14 19:20 
     

    Bars are only in one color. It's normal?

    Tiago Menezes
    203
    Tiago Menezes 2020.10.03 16:54 
     

    User didn't leave any comment to the rating

    Guilherme Mendonca
    1471
    Guilherme Mendonca 2020.09.24 14:36 
     

    Bom indicador

    Bullk75
    14
    Bullk75 2020.08.15 18:37 
     

    me sale todo en blanco

    Valentin Butorin
    3962
    Valentin Butorin 2020.07.23 15:10 
     

    User didn't leave any comment to the rating

    robertmiller83
    114
    robertmiller83 2020.05.24 23:47 
     

    Terrible. Many bugs.

    fernandomaroto
    76
    fernandomaroto 2020.05.15 02:34 
     

    User didn't leave any comment to the rating

    CLAUDIO FRANCA DE OLIVEIRA
    734
    CLAUDIO FRANCA DE OLIVEIRA 2020.04.04 13:12 
     

    User didn't leave any comment to the rating

    FernandoLC
    14
    FernandoLC 2020.03.03 06:34 
     

    Nao estou conseguindo plota o indicador no grafico, apresenta o seguinte erro (past bar volume data not received from the server yet) error:0

    há algo que possa fazer para eliminar esse erro??

    oliveira.leandro1981
    74
    oliveira.leandro1981 2019.09.08 02:59 
     

    Muito bom.

    Emil Neumann
    76
    Emil Neumann 2019.06.26 22:06 
     

    User didn't leave any comment to the rating

    Maurício Ferrari
    85
    Maurício Ferrari 2019.06.22 02:44 
     

    User didn't leave any comment to the rating

    Samuel White
    60
    Samuel White 2019.06.20 00:10 
     

    User didn't leave any comment to the rating

    speron
    20
    speron 2019.06.13 19:52 
     

    Boa tarde, instalei e ficou excelente. Parabéns pelos indicadores, show de bola! Gostaria de saber mais sobre os minions se possível.

    Thiago Costa
    58
    Thiago Costa 2019.03.07 19:43 
     

    Ainda estando mas indicador muito bom...

    Seria possível incluir uma configuração para o parâmetro de reversão da onda ser o preço de fechamento e não apenas as máximas e mínimas?

    Paulo Moraes
    273
    Paulo Moraes 2019.03.03 18:00 
     

    Ainda estou testando, mas me parece ser um bom indicador.

    Reply to review
    Version 1.4 2020.06.06
    :: Recompiled (obligatory by Metaquotes as of June,05,2020) to the new MT5 version 2485. Please let me know if anything weird happens...
    Version 1.3 2020.05.15
    :: ADDED the ability to "break the wave" for tick Symbols less than 1 (decimals).