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Lisek Weis Wave

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Published: 24 February 2021

Current version: 1.3

Lisek Weis Wave

Indicators
Darius Hans Lischka
Version: 1.3
Updated: 22 July 2021

This Weis Wave Volume indicator is a tool to help traders identify the current price trend.

Understanding volume can provide insight into a market's behavior to help you determine its overall health. The most important rule is this: volume precedes price. Typically, before a market price moves, volume comes into play.

It has 2 main colors histogram which are green and red.

– Green indicates an upward wave. The more the price increases, the bigger the green volume gets.

– The red color shows a decreasing wave. The more the price decreases, the bigger the red volume becomes.

Meaning of the Weis Wave Volume

When trading and analyzing the market, professional traders use the Weis Wave indicator primarily to determine the current price trend. Because this is the most intuitive signal that the indicator offers.

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4562

Abraham Correa 2024.06.23 04:07 #

Seems reliable with candlestick activity

3471

John Winsome Munar 2022.06.16 01:16 #

Good Weis wave volume indicator

100030995 2021.07.15 08:12 #

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4562

Abraham Correa 2024.06.23 04:07 #

Seems reliable with candlestick activity

zuoqi168 lv 2022.09.10 20:43 #

User didn't leave any comment to the rating

3471

John Winsome Munar 2022.06.16 01:16 #

Good Weis wave volume indicator

ElisabeteRJ Pinheiro 2022.01.05 23:36 #

User didn't leave any comment to the rating

Paul Wong 2021.10.05 02:18 #

Volume based indicator good to be used alongside WYCKOFF method. The volume bars are good and the waves are in color to show the wave move. Can clearly compare the volume for wave count for potential trend change. Would need your use on own interpretation on wave count and volume for your necessary interpretation. Great work and thank you for sharing!

198

Dorian E. 2021.08.23 23:33 #

User didn't leave any comment to the rating

100030995 2021.07.15 08:12 #

AMAZING

3144

jmhuang 2021.06.20 09:42 #

User didn't leave any comment to the rating