One of the best tools for analyzing volume,
Weis Wave was idelized by David Weis, to facilitate the reading of directional flow. For the VSA method disciples it is an evolution of the practices created by Richard Wycoff, facilitating a predictive reading of the market, always seeking an accumulation and distribution of the negotiated contracts.
In this version can you choose 3 Waves types
Cumulative wave volume
Range of wave
Average Wave volume Ref "Tim Ord lectures"
initiated in 1995 by the physicist and technical analyst Paul Levine, PhD, and subsequently developed by Andrew Coles, PhD, and David Hawkins in a series of articles] and the book MIDAS Technical Analysis: A VWAP Approach to Trading and Investing in Today's Markets.Latterly, several important contributions to the project, including new MIDAS curves and indicators, have been made by Bob English, many of them published in the book.
Idea extracted from the books by Anna Coulling and Gavin Holmes using Volume and Spread Analysis (VSA) techniques coupled with Al Brooks' expertise with Price Action these candles are magical, identify the exact moment
of the performance of the big players are acting in the market represented by the colors:
1) Red Candles we have an Ultra High activity,
2) Candles Orange we have a Very High Activity
3) Candles Yellow we have one High Activity
4) White Candles represent normal...