KT Weis Wave Volume MT5
- Indicators
-
KEENBASE SOFTWARE SOLUTIONS
Keenbase Trading develops professional MetaTrader 4 and MetaTrader 5 indicators and Expert Advisors designed to help traders make more informed trading decisions. - Version: 1.0
- Activations: 10
Read Market Activity Wave by Wave
KT Weis Wave Volume transforms bar-by-bar volume into alternating rising and falling price waves. It accumulates volume through the complete wave and presents the result in a clean histogram below the price chart, giving market activity a clear directional structure.
Green bars build during an upward wave and red bars build during a downward wave. The growing columns make wave direction, duration, and cumulative activity easy to follow as price develops.
- Cumulative volume for each rising and falling price wave.
- Clear green and red histogram for fast visual interpretation.
- ATR-based wave assignment with an adjustable value.
- Selectable price source and true-range behavior.
- Optional oscillating and normalized display modes.
Compare Volume Effort With Price Result
Weis Wave analysis brings volume and price movement together. Each completed wave shows the activity involved in producing that directional move, helping you compare volume effort with the resulting price progress.
Compare the current upward wave with earlier upward waves, then do the same for downward waves. You can also relate cumulative volume to the distance travelled by price. This wave-by-wave process highlights changes in participation, directional strength, and momentum in a practical visual format.
Multi-Timeframe Direction at a Glance
The built-in dashboard displays Bullish or Bearish direction for the current symbol across nine timeframes: M1, M5, M15, M30, H1, H4, D1, W1, and MN1. It adds broader context beside the chart, making it easy to compare the active wave with short-term and higher-timeframe direction.
Each timeframe can be enabled individually, so the dashboard can match your preferred trading horizon while keeping the chart organized.
Alerts and Practical Customization
Flexible settings let you shape both the calculation and the way information reaches you.
- Nine-timeframe bullish and bearish dashboard.
- Individual controls for displaying each dashboard timeframe.
- Popup, sound, email, and mobile push alerts.
- Selectable sound file for audio notifications.
- Compatible with available MetaTrader symbols and chart timeframes.
Use KT Weis Wave Volume as a focused volume-analysis display or as a confirmation tool within trend, momentum, and price-action methods. Its combination of cumulative wave volume, multi-timeframe direction, alerts, and flexible display choices creates a complete view of market activity from one chart.
