Weis Wave with Alert MT5
- Индикаторы
- Panagiotis Diamantopoulos
- Версия: 9.7
- Обновлено: 12 марта 2023
- Активации: 10
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Wychoff's UpThrust + Spring, Fake Breaks and Plutus trading signals added (for more info visit http://www.tradethevolumewaves.com )
(for more info visit http://www.tradethevolumewaves.com)Different Wave Types, choose what your cumulative Histogram diplays: Volume, Pips, Progressive Volume Rate, Time or Emphasized Volume Waves
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Manuals: https://www.tradethevolumewaves.com/manuals
Youtube channel: https://www.youtube.com/c/TradeTheVolumeWavesbyPDiamantopoulos
Weis Wave with Alert MT5
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 an evolution of Weis Wave because it offers the autowaves feature, different wave types as well as the powerfull Speed Index. 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.
Trading Strategies:
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Setup Parameters
- Indicator Number: Multiple Indicators can be added on the same chart. Valid values "0 to 9" and "a-z"
- Show Orders: display or not your orders
- Load all Bars: true/false, if false Number of bars back will be loaded
- Number of bars back: numbers of bars that the indicator will load
- Wave Direction Change difference in Points: Number of points required for the current wave to reverse and form a new wave
- AutoDifference: true/false - Neglects the Wave Direction difference and adjusts the Difference automatically creating more accurate waves.
- AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
- Volumetype= true=Tick Volume, false=Real Volume
- 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.
- Net Volume: 0-Disabled, 1-Price Close, 2 Price Median
- Wave Type: 0-Regular Volume, 1-Pips, 2-Progressive Volume Rate, 3-Time,4 Emphasized Volume Waves
Speed Index Display and Alert Parameters
- SI Display: Show or not speed index on the chart 0-No Display, 1 Speed Index only, 2 Volume and Speed Index
- Show Plutus Patterns or Not
- Alert on Plutus Patterns:Popup, Sound, Email,
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- SpeedAlert: There are two ways that you can be notified for Extreme Speed Index numbers the Automatic and the Manual, please refer to the manual for explanations.
- Alerts :Popup, Sound, Email, Push
- Alerts :Popup, Sound, Email, Push
Throughout my time using the MQL5 platform, I have never come across anyone who is more devoted to the success of their customers. The developer is a great guy, he spends hours sharing his knowledge and is a successful professional trader in his own right. He has developed a personal trading system, along with a pretty unique indicator that will enable you to consistently profit in the forex markets. I would highly recommend this product, whether you are starting a brand new strategy or even adding additional verifications to an existing strategy.