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Weis Wave Indicator

This indicator is based on the Weis wave principle of wave volume. Below are few features of the indicator

  • It draws the wave on the chart while the accumulated volume per wave in a different window at the bottom of the chart
  • You can configure the turning point move
  • It displays the accumulated volume (in thousands, eg for 15000 volume it will show 15) at the end of each wave
  • You can also configure to show number of candles in the wave along with the wave volume
  • The indicator calculates the distinct volume by historical analysis and colors them differently for you to pick easily

Parameters

  • Difference - It is for wave variance. Keep it 0
  • LabelShift - Distance from candle where the wave volume is shown. Keep it 20
  • waveHistory - Number of Up or Down wave the indicator will analyze to come up with significant volume
  • customizePip - It adjusts the pip size for better wave configuration. One setup will automatically fit for all stocks of different values, be it 5 $ or 1000$ stock. Keep it TRUE
  • showVolume - It will show volume in thousands at the end of each wave on the chart. Keep it TRUE
  • showBarCount - Shows the bar count along with volume. Keep it TRUE if you want that data
  • truncateVolume - It will show volume in thousands. For exact volume to display you can set it to FALSE
  • showAlert - Alert is for the next version release. Keep it FALSE for the moment
  • upNormal - Color to display routine volume with no impact in the change in behavior in UP wave
  • upHigh - Color to display any high volume in the wave that could sign the possible change of behavior in UP wave
  • upLow -   Color to show very low volume in the wave that could suggest shallow supply or demand in UP wave
  • dnNormal - Color to display routine volume with no impact in the change of behavior in DOWN wave
  • dnHigh - Color to show very high volume in the wave that could sign the possible change of behavior in DOWN wave
  • dnLow - Color to show very low volume in the wave that could suggest shallow supply or demand in DOWN wave
  • waveWidth - Width of the wave line on chart. Keep it 2 for better look
  • waveColor - Color of the wave line in chart. Chose that best suits your template


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NEW YEAR SALE PRICE FOR LIMITED TIME!!! Please contact us after your purchase and we will send you the complimentary indicators to complete the system Cycle Sniper is not a holy grail but when you use it in a system which is explained in the videos, you will feel the difference. If you are not willing to focus on the charts designed with Cycle Sniper and other free tools we provide, we recommend not buying this indicator. We recommend watching the videos about the indiactor and system before pu
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