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Weis Wave with Alert

**NEW Speed Index + Auto Volume Waves ****

How to trade with it: https://www.tradethevolumewaves.com/blog

Visit: http://www.tradethevolumewaves.com 

Manuals: https://www.tradethevolumewaves.com/manuals

Youtube channel: https://www.youtube.com/channel/UCTAzhvsnzPppdqWJS-MWafQ

This is a Weis Wave indicator which is based on Richard D. Wyckoff theory. It works in all time periods, range bar and tick bar charts and it can be applied to any market.

This indicator is adding the volumes of the corresponding price waves and draws a cumulative histogram. Each price wave is moving in a specific direction up or down until it reverses. In order for the indicator wave to reverse in the opposite direction, the price should exceed the number of points (pip*10) set in the parameters. Therefore, the last wave repaints but the theory behind this trading method is forecasting where the market will go by reading  the previous waves.

The volume of the wave together with pip distance that the price has covered and the number of bars are displayed. Speed Index is a new function shows the speed of the wave  and can be displayed on the chart (the smaller this number is the faster the wave is and the larger this number is the slower the wave is)

Furthermore, an Alert (popup, email, push, sound) can be setup if the cumulative volume of the current wave exceeds a certain number specified in the parameters. An Alert can also be setup if Speed Index exceeds a specific value and/or is below a specific value.



Trading Strategies:

www.tradethevolumewaves.com

Setup Parameters

  • Difference: Number of points required for the current wave to reverse and form a new wave
  • AutoDifference: true/false - Neglects the Difference parameter and adjusts the Difference automatically creating more accurate waves.
  • AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
  • Format Parameters for Auto Difference value displayed on chart as "WP Difference:xx" (Corner, Y offset, X offset, Font, Font Size)
  • VolDivBy: Volume divider in order to avoid big numbers on the display
  • PipDivBy: Pip distance  divider in order to avoid big numbers on the display
  • SI Multiplier: Speed Index multiplier for better display.
  • Negative_style: negative down waves


Weight Volume Parameters - Weight Volume According to Sessions London-US-Asia

  • Weighted Volume: true/false - Weights volume of  different sessions taking into consideration that when London and US are operating at same time have the highest volume of all sessions occurs and adjusts the rest of the sessions. With this parameter it very easy visualize which volumes are significant even on Asian hours or non-significant on London-US hrs.    
Not to be used with constant tick charts.

Advanced Volume Filter

  • Volume Filter: true/false - An advanced algorithm in order to emphasize on significant volume waves 

    Format Wave and Label parameters

    • ShowLabels: Display or not the volume, the pips and the number of bars of each wave
    • What to Display:1-Volume,2-Pips, 3-Bars, 4-All, 5-Volume and Pips
    • ShowWaveLine: Draw the wave line or not
    • Format parameters: LabelShift, Font size, Color Up Color down, wave color, wave width.

    Alert Parameters

    The info displayed by the alert function are: the pair, the period, a message “Hign Dn Volume” or “High Up Volume” and the time.

    • TriggerCandle: The candle number that the alert will be triggered
    • VolSize: The value of cumulative volume that will be triggered if the alert is exceeded
    • Alerts: Popup, Sound, Email, Push

    Speed Index Display and Alert Parameters

    • SI Display:  Show speed index  0 No Display, 1 SI only, 2 Volume and SI
    • SpeedAlert: Enable or not speed index alert - Speed Alert works on the previous wave - not the current which is forming.
    • AlertFont: Font for speed index when criteria are met (in order to be more visible and differentiate from the rest of speed indices)
    • SpeedIndexSizeSlowAbove: Trigger Alert if speed index is above setup number.
    • SpeedIndexSizeFastBelow: Trigger Alert if speed index is below setup number.
    • Alerts: Popup, Sound, Email, Push



    Comentários 8
    jas1968
    137
    jas1968 2020.07.21 19:13 
     

    2 days ago I purchased this indicator. The indicator itself works fantastic. I have used many indicators in the past but this is head and shoulders above anything else. The author is very helpful and genuine and immediately after purchase offered to help me set it up. If you are a seriously wanting to up your trading game, this will give you the edge you need. Highly recommend.

    Kjetil1964
    25
    Kjetil1964 2020.07.03 18:40 
     

    a very good tool, it is not an indicator, but a tool, i don't use indicators they are all lagging, and made for smart money to screw us who they all call "dumb money" i am realist and i trade using wave patterns, volume and divergence, its the 3 only tools that can help a manuel technical trader, the weis wave speed index has become a vital tool for me especially when it comes to time the entries better than i used to do, i used it as my confirmation tool together with wave patterns and divergence, those 3 together are hard to beat, and f one of them dont agree with the other, the i go have a beer and wait for the trade to come to me, more than anything Panagiotis has saved me from entering bad trades which is as important if not more than entering good trades, also his support is very good and proves he is a serious guy, he does not only sells and disappears like many others in this market and on this page

    ykng1971
    73
    ykng1971 2020.04.25 10:59 
     

    I have purchased weis wave with alert, No demand No supply, Weis pip wave , all MT4 products. These are very good 5-star indicators. And Panagiotis is generous and extremely helpful in explaining the proper ways of using these indicators. These indicators are must haves for chart reading. I strongly recommend his products.

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    jas1968
    137
    jas1968 2020.07.21 19:13 
     

    2 days ago I purchased this indicator. The indicator itself works fantastic. I have used many indicators in the past but this is head and shoulders above anything else. The author is very helpful and genuine and immediately after purchase offered to help me set it up. If you are a seriously wanting to up your trading game, this will give you the edge you need. Highly recommend.

    Kjetil1964
    25
    Kjetil1964 2020.07.03 18:40 
     

    a very good tool, it is not an indicator, but a tool, i don't use indicators they are all lagging, and made for smart money to screw us who they all call "dumb money" i am realist and i trade using wave patterns, volume and divergence, its the 3 only tools that can help a manuel technical trader, the weis wave speed index has become a vital tool for me especially when it comes to time the entries better than i used to do, i used it as my confirmation tool together with wave patterns and divergence, those 3 together are hard to beat, and f one of them dont agree with the other, the i go have a beer and wait for the trade to come to me, more than anything Panagiotis has saved me from entering bad trades which is as important if not more than entering good trades, also his support is very good and proves he is a serious guy, he does not only sells and disappears like many others in this market and on this page

    ykng1971
    73
    ykng1971 2020.04.25 10:59 
     

    I have purchased weis wave with alert, No demand No supply, Weis pip wave , all MT4 products. These are very good 5-star indicators. And Panagiotis is generous and extremely helpful in explaining the proper ways of using these indicators. These indicators are must haves for chart reading. I strongly recommend his products.

    johnlyj
    236
    johnlyj 2019.06.11 14:51 
     

    Simply a good quality indicator. It helps me to understand what the market is doing. Suitable for different type of strategies. Thanks Panagiotis for such a useful tool

    Tom sheep
    341
    Tom sheep 2019.04.08 18:17 
     

    The author has provided good support. Transaction strategies are being learned.

    forix7
    472
    forix7 2019.03.25 11:10 
     

    Simply fabulous indicator and Panagiotis is a very helpful Author / Seller - this indicator is a must have for any serious trader, the alerts help you monitor wave pips and the download is perfect and trouble free, upgraded indicator is certainly worth paying for and also has many many different trading opportunites / strategies - All updates and programming are A1 and faultless which are a pleasure to work with in this indicator industry, never any problems and NO repainting - I could not trade without this now - thanks for sharing the GREAT work of yours - It paid for itself in 12 hours just testing it, thanks again :)

    In addition to my review, i have just downloaded the updated AUTO version which is AMAZING - I no longer have to change the wave settings and can let the indicator do it for me automatically when switching time frames and charts, this indicator just gets better and better, thanks for your effort in updating it so it makes our lives easier, GREAT WORK

    knightraider7
    66
    knightraider7 2019.01.15 04:33 
     

    This purchase was smooth and the indicator delivered exactly as it promised.

    Chern Wang
    851
    Chern Wang 2018.06.02 06:30 
     

    very good indicator

    Responder ao comentário
    Versão 6.3 2020.09.23
    Labelshift code improvement, you need to adjust your Labeshift start with value = 0.5 or 1.0 ,
    Added Volume and SI display together,
    Added SI Multiplier
    Remove weight volume on specific bars, weighted volume calculates all bars
    Versão 6.2 2020.09.13
    code improvvement
    Versão 6.1 2020.09.10
    Updated SI Algorithm and changed indicator name
    Versão 6.0 2020.09.07
    Updated Weighted Volume Algorithm.
    Versão 5.9 2019.09.19
    Added Daylight Savings
    Versão 5.8 2019.09.18
    Adjusted weighted volume and added all bars weight.
    Versão 5.7 2019.08.13
    Updated Speed Index, VolDivBy, PipDivby
    Versão 5.6 2019.07.29
    New Algorithm for Weighted Volume and Adjustable Bars Back for Weight calculations
    Versão 5.5 2019.07.26
    Show trade levels that were hidden in the previous version
    Versão 5.4 2019.07.18
    Removed a print command.
    Versão 5.3 2019.07.18
    Adjusted Autowaves
    Versão 5.2 2019.07.15
    Adjusted Autowaves Algorithm
    Versão 5.1 2019.06.02
    Display on chart AutoSensitivity parameter
    Versão 5.0 2019.05.28
    1. New Auto Wave for more accurate waves and without adjusting when switching timeframes

    AutoDifference: true/false - Neglects the Difference parameter and adjusts the Difference automatically creating more accurate waves.
    AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
    Format Parameters for Auto Difference value displayed on chart as "WP Difference:xx" (Corner, Y offset, X offset, Font, Font Size)


    2. Adjustment of Labels shift.
    Versão 4.4 2019.05.24
    1. Alignment of Labels when changing timeframes.
    2. Added different volume wave coloring on bars to how many bars were needed until the move has exceeded the difference parameter.
    Versão 4.3 2019.04.10
    Add Negative Style = true/false changes the Histogram down waves to negative
    Versão 4.2 2019.03.31
    Added parameters for Speed Index color and Speed Index Alerts color
    Versão 4.1 2019.03.21
    Pip display adjustment
    Versão 4.0 2019.03.21
    Added Advanced Volume filter: An advanced algorithm that filters volume in order to emphasize on significant waves
    Versão 3.2 2019.01.20
    Fix Location of Labels on current wave forming
    Versão 3.1 2019.01.19
    Fixed a bug on PipDivBy parameter
    Versão 3.0 2019.01.14
    Major Update:
    New functions added to the indicator
    1. PipDivBy: Pips divider in order to avoid big numbers on the display
    2. Ability to choose which labels to display: 1 - Volume, 2 -Pips, 3 -Bars, 4- ALL, 5- Volume and Pips

    New Speed Index Display and Alert
    Speed Index= Wave Volume/Pip Distance - which means how much volume was needed to move 1 pip. The smaller the number is the faster the wave is. The larger the number is the slower the wave is.

    Alert functionality has been added if speed index is above a certain value and/or below a certain value.


    Push Notification has been added on both Volume and Speed Index
    Versão 2.2 2018.11.14
    Adjusted weighted volume for JPY pairs.
    Versão 2.1 2018.11.14
    Fixed a bug on weighted volume.
    Versão 2.0 2018.11.11
    Added an option to Weigh Volumes according to Sessions. Considering that when London and US are operating at the same have the highest it adjusts the rest of the remain sessions (hours) accordingly to level them with London-US hrs.
    Versão 1.2 2018.08.28
    Addition: The number of bars of each wave have been added on the wave label.
    Versão 1.1 2018.06.20
    Changes on Alert Function