Weis Wave - Waves Types indicator
The Concept
This indicator has been created based on David's Weis theory of cumulative volume histograms but this indicator has been enhanced with additional wave types to be able to identify the following:
Visually identify the Effort vs Result concept (too much volume but small pip move or small volume too large pip...
Weis Wave with Speed Index Signals
The Concept
This indicator has been created to try to quantify "Change in Behavior" concept and provide buy and sell based on this concept. What is Change in Behavior? Price is moving at speed rate based on the trading volume direction (buyers and sellers) until there is imbalance of Supply/Demand. An algorithm has been...
This is based on Weis Wave principle with different customization. Namely
Shows Volume (in thousands) for each wave
Calculates the effort/reward matrix of each wave (proprietary calculation)
Can show either bar count or Effort/Reward (E/R) Matrix with volume for each wave
Default is E/R Matrix only
You can choose what you want to see from the...
It took but left, a Weis wave volume that shows the main wave and the fractal wave, thinking of everyone who wants to save space with indicators, you can adjust 2 indicators within 1, it is the dual indicator.
This indicator calculates the volume waves, being created initially by David Weis, largely behind the wyckoff method that unfortunately died, being very...
