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Weis Waves

3.15

The original author is David Weis, an expert in the Wyckoff Method. The Weis Wave is a modern adaptation of the 1930's Wyckoff Method, another expert in Tape Reading techniques and Chart Analysis. Weis Waves takes market volume and stacks it into waves according to price conditions giving the trader valuable insights about the market conditions.

If you want to learn more about this subject you can find tons of videos in YouTube. Just look for "The Wickoff Method", "Weis Wave" and "Volume Spread Analysis".

There is also the book David Weis wrote himself called "Trades About to Happen" (Wiley Trading Series).


FEATURES

  • Volume Waves stacked according to a threshold (*in TICKS*) adjusted by the user for each Symbol, so you can exactly grab the market swings.
  • You can set the number of bars you need to load in your study, so you can limit the load and usage of MT resources and gaining speed of processing.
  • You can change the color and style of the waves.
  • You can Unstack the volume into a simple histogram if desired.
  • You can use Real Volume or Ticks Volume.
  • You will have Up Waves and Down Waves, and the new and yet unknown wave being formed will have a white (user-changeable) color.
  • Sometimes MT5 cache of data gets delayed or not renewed, so some bars can momentarily disappear. The indicator will detect and correct the missing bars in a timed interval if needed.
  • If for some reason the terminal is closed during a session, you may encounter during the restart some bars mixed at the current wave. This is normal, give the indicator a time for recomposing itself to the current state of the market...
  • This indicator was developed for Intraday trading (Day Trading), so you can use it on a maximum of H1 chart.

A mighthy companion will be the Waves Sizer, which is shown inside the chart and measures the distance Price traveled along the swings...
Get yours here:

https://www.mql5.com/en/market/product/41721


    If you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...   

    This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...

    With No Strings Attached!  Ever!


    Live Long and Prosper!

    ;)

    İncelemeler 20
    Reynaldo surf
    73
    Reynaldo surf 2022.03.19 01:04 
     

    excelente indicado, quando o preço estar em ranges tem que ler com precisão! Obrigado

    Altrevelin
    14
    Altrevelin 2023.07.31 02:15 
     

    Very good, as a reference for a momentum indicator.

    dapac
    302
    dapac 2022.11.15 18:29 
     

    Very helpful indicator.

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    Marzena Maria Szmit
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    Marco Solito
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    Flavio Javier Jarabeck
    4.86 (7)
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    Flavio Javier Jarabeck
    5 (1)
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    Market Momentum PRO
    Flavio Javier Jarabeck
    The Market Momentum indicator is based on the Volume Zone Oscillator (VZO), presented by Waleed Aly Khalil in the 2009 edition of the International Federation of Technical Analysts journal, and presents a fresh view of this market valuable data that is oftenly misunderstood and neglected: VOLUME. With this new approach of "seeing" Volume data, traders can infer more properly market behavior and increase their odds in a winning trade. "The VZO is a leading volume oscillator; its basic usefulnes
    Filtrele:
    MesusTrader
    56
    MesusTrader 2024.04.10 16:58 
     

    Obrigado por disponibilizar, mas não funcionou em meu MT5, última versão, com conta na ICMarkets. Vários outros indicadores funcionam normalmente, mas alguns também não funcionam e funcionavam bem quando operava na B3. Provavelmente é incompatibilidade com os dados recebidos do sinal da corretora. Sim, no FOREX, configurei os dados em TICKS.

    Flavio Javier Jarabeck
    272910
    Geliştiriciden yanıt Flavio Javier Jarabeck 2024.04.10 17:03
    infeliz.ente nem todas as corretoras disponibilizam dados de volume....
    ERIKA1987
    14
    ERIKA1987 2023.09.03 19:30 
     

    does not work

    Flavio Javier Jarabeck
    272910
    Geliştiriciden yanıt Flavio Javier Jarabeck 2023.09.06 20:32
    Did yo choose the CORRECT VOLUME TYPE????
    Altrevelin
    14
    Altrevelin 2023.07.31 02:15 
     

    Very good, as a reference for a momentum indicator.

    Douglas Henrique Peccin Lopes
    299
    Douglas Henrique Peccin Lopes 2023.06.23 19:02 
     

    Amigo, este indicador funciona com gráfico Heiken Ashi? Obrigado pelo retorno!

    louis
    260
    louis 2023.02.01 23:38 
     

    Not showing

    dapac
    302
    dapac 2022.11.15 18:29 
     

    Very helpful indicator.

    idrisolamilekan
    38
    idrisolamilekan 2022.10.05 03:05 
     

    Author please will you re update this indicator, cos it does not show on the chart

    Miziomic
    17
    Miziomic 2022.09.22 15:03 
     

    Thank you very helpfoul for those that know and use the wyckoff theory/metodology. To me is very powerfoul if you know what you are doing. So tx again for your job, I did not see it before in MT5

    gelson48
    14
    gelson48 2022.06.26 22:15 
     

    Ele está faltando só fechar no final de cada pernada com mais precisão, ele é bom, para ficar melhor ainda só precisa isto. Quero saber como configurar ele melhor para ser nota 10.

    bgosper1
    186
    bgosper1 2022.06.01 16:26 
     

    Indicator paint/repaints in arrears after moves have already happened. Not useful. Looks great in hindsight but not for forecasting or real time.

    martim souza
    36
    martim souza 2022.05.14 21:07 
     

    A inda não testei mais parece ser bom

    Marcelo Pedro
    18
    Marcelo Pedro 2022.05.05 03:28 
     

    O indicador não aparece o gráfico de histogramas nessa nova versão do MT5. Podem ajudar?

    Everaldo Moraes
    18
    Everaldo Moraes 2022.05.03 18:41 
     

    As barras estão brancas. Já alterei o tempo gráfico, mas continuam brancas. O programa informa que está requisitando as barras passadas ao servidor, mas elas não atualizam. Reiniciei o programa, mas permanece o problema. O volume está configurado para volume real, e o ativo é ação. Reduzi a quantidade de barras passadas para 50, o break para 30, e reiniciei, mas o programa continua requisitando ao servidor e não muda. O número de barras passadas ideal para time frame 5 minutos é 84? Grato.

    Jhonata Uemerson
    21
    Jhonata Uemerson 2022.04.20 14:14 
     

    Não funciona aqui. Não tá gerando o histograma mesmo em configuração por tick (para forex). Poderia ajudar?

    Flavio Javier Jarabeck
    272910
    Geliştiriciden yanıt Flavio Javier Jarabeck 2022.04.20 14:41
    Então seu Broker não gera esses dados. O que diz a aba Experts?
    Reynaldo surf
    73
    Reynaldo surf 2022.03.19 01:04 
     

    excelente indicado, quando o preço estar em ranges tem que ler com precisão! Obrigado

    Moisesmel
    21
    Moisesmel 2021.12.03 22:38 
     

    Esse indicador não funcionou no FOREX, não aparece as barras. Não sei se precisa de alguma configuração...se alguém puder ajudar, ...muito obrigado.

    Flavio Javier Jarabeck
    272910
    Geliştiriciden yanıt Flavio Javier Jarabeck 2021.12.03 22:47
    Você configurou o VOLUME corretamente??
    Dorian E.
    104
    Dorian E. 2021.10.05 06:07 
     

    doesnt work.

    taxmedicine
    15
    taxmedicine 2021.09.04 09:37 
     

    Past Bars Volume Data not received from the server yet.... Waiting ... Error : 44043 . The indicator isnt working

    Flavio Javier Jarabeck
    272910
    Geliştiriciden yanıt Flavio Javier Jarabeck 2021.09.04 13:02
    If you are using on Forex, use the correct Volume setting, which is "TICKS". Forex does not have Real volume.
    vince cent
    168
    vince cent 2021.05.16 17:47 
     

    To get Weis Just need another indicator. This don't work. One bar and an error message.

    Flavio Javier Jarabeck
    272910
    Geliştiriciden yanıt Flavio Javier Jarabeck 2021.09.04 13:02
    If you are using on Forex, use the correct Volume setting, which is "TICKS". Forex does not have Real volume.
    Vilarinho
    16
    Vilarinho 2021.04.16 23:18 
     

    Um ótimo indicador, mas tem o defeito de parar do nada e mostra como erro. daí tem q mudar o tempo gráfico e voltar para ele atualizar...

    123
    İncelemeye yanıt
    Sürüm 1.4 2020.06.06
    :: Recompiled (obligatory by Metaquotes as of June,05,2020) to the new MT5 version 2485. Please let me know if anything weird happens...
    Sürüm 1.3 2020.05.15
    :: ADDED the ability to "break the wave" for tick Symbols less than 1 (decimals).