Weis Wave Volume
Weis Wave Volume is built on the Weis Wave theory of wave patterns.
Last updated
Weis Wave Volume is built on the Weis Wave theory of wave patterns.
Last updated
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.
Period
The wave period.
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
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.
