# Weis Wave Volume

The algorithm lets us:

* Look at chains of price bars as alternating waves rising and falling.
* Take the volume of each wave as the total volume of the bars that make it up.

These indicators show up in the lower part of the chart as a histogram of same- (for rising volumes) and different-colored (for falling volumes) waves.

The indicator shows trade intensity over a set period, demonstrating supply and demand for the asset in question and potentially signaling that it is time to activate positions.

![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80130076034/original/7wEKHaBiSMlTsEISmbZYeIZ9b-IW9uJqBA.png?1660224655)

### Indicator settings

### ![](https://s3-eu-central-1.amazonaws.com/euc-cdn.freshdesk.com/data/helpdesk/attachments/production/80130076408/original/nWYiwMqbTXrvBHiCJd81YjPt4WEhDJimig.png?1660224702)

#### Parameters

| Name   | Description      |
| ------ | ---------------- |
| Period | The wave period. |

#### Style

| Name                      | Description                                               |
| ------------------------- | --------------------------------------------------------- |
| Volume color when growing | Selecting a color for volumes when asset prices increase. |
| Volume color when falling | Selecting a color for volumes when asset prices decrease. |
| Temporary volume color    | Selecting a color for temporary volumes.                  |

#### Indicator

| Name        | Description                                                                |
| ----------- | -------------------------------------------------------------------------- |
| Indicator   | Enabling or disabling the indicator display on the chart.                  |
| Name        | Enabling or disabling the indicator name display in the information line.  |
| Values      | Enabling or disabling the indicator value display in the information line. |
| Markers     | Enabling or disabling the indicator markers display on the scale.          |
| Calculation | Select when the calculation will be performed.                             |
| Area        | Selection of an area to display the indicator.                             |