Weis Wave Result MT5

Features

  • 3 types of waves: bullish, bearish and unknown. The unknown tower comes when prices move in opposite the direction of the current tower.
  • Label that shows the percentage remaining for the next tower.
  • Allows you set the type of volume that will be accumulated in the towers, either real or tick volumes. Thus, the indicator works in any market, for example: stocks, futures, forex, commodities, etc.
  • Allows you to set the required score for the tower exchange.
  • Allows you to set the font size of the percentage labels.
  • Lets you set both the tower colors and the colors of the percentage labels.


Inputs Parameters

  • Reversal Points - Point limit in the opposite direction to change tower.
  • Bulls Tower Info - Bulls percentage label color.
  • Bear Tower Info - Bear percentage label color.
  • Font Size Info - Font size of percentage labels.
  • Volume Type - Real Volume or Ticks Volume.


Colors

  • Set the color of towers.


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reference: "High Frequency Trading, A Pratical Guide to Algorithmic Strategies and Trading Systems (Aldridge, Irene)" Characteristics The calculation of VWAP is in accordance with the literature. 4 types of VWAPs, daily, monthly, yearly, moving. Note: Daily is the most popular form, the calculation is performed from the beginning to the end of each trading session (Market benchmark). In the moving, the calculation is carried out from n periods past to the current period, as with the famous m
EMarket AI
Sant Clear Ali Costa
The wait is over, the AI for Traders has arrived! The Elite Market AI is an Expert Advisor powered by one of the most advanced generative AI models available today. It processes the price and indicator data displayed on the screen, providing traders with valuable insights into the current market situation. This analysis can be crucial for making informed buy or sell decisions, assisting in trading strategy, and enhancing the accuracy of operations. Configurations Country Code Description: Def
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