Weiswave indicator
- Göstergeler
- Sürüm: 3.10
- Etkinleştirmeler: 10
Weis Wave by Mudasser turns raw tick or real volume into clear up and down waves — so you can read effort vs. result at a glance.
Instead of looking at single-bar volume, this indicator stacks volume for as long as price keeps moving in the same direction. When the close flips, a new wave begins. The result is a clean histogram of blue (bullish) and red (bearish) volume waves that make climax, effort, and absorption easy to spot.
WHAT YOU GET
• Cumulative volume waves based on close direction
• Blue waves = buying pressure building
• Red waves = selling pressure building
• Auto volume mode (real volume when available, otherwise tick)
• Manual tick / real volume selection
• Adjustable wave colors and bar width
• Clean separate-window display — works on any symbol and timeframe
HOW TRADERS USE IT
• Spot volume climax at the end of a wave before reversals
• Confirm breakouts when a new wave expands with strong volume
• Compare effort (wave height) vs. price progress (result)
• Pair with structure / S&R tools for higher-probability entries
• Filter weak moves where price travels far on light wave volume
WHY WEIS WAVE BY MUDASSER
Classic Weis / volume-wave logic, rebuilt for MetaTrader 5 with a modern blue/red look, flexible volume source, and a simple input set — ready for scalping, day trading, or swing analysis.
INPUTS
• Volume type — Tick / Real / Auto
• Up wave color
• Down wave color
• Histogram width
NOTES
• Works on Forex, Gold, Indices, Crypto, and Stocks (where volume is provided)
• Tick volume is used automatically when real volume is not available
• This is a decision-support indicator, not a fully automated trading system
• Always combine with your own risk management
