Weis Wave for MT4

This indicator is analogous to Weis Wave from the recognized expert David Weiss. It is a modern adaptation of the Wyckoff Method featuring 30-years experience on different markets. The main indicator objective is to calculate the cumulative volumes of the previous waves and the current one.

Indicator Features

• It responds to changes in a price behavior of the current wave. The indicator may begin to form a new unconfirmed wave.
• It works in all possible time periods.
• Four types of different prices are available for the calculation.
• Flexible configuration of the calculated data visualization.

Indicator Parameters

[Main Settings]

• Price type — applied price (close, median, typical, weighted)
• Wave size — wave size for the calculation of the indicator.
• Volume rounding — rounding of volumes. It is used to reduce the numeric values of wave forces and for the ease of perception.

[Volumes and Waves Displaying]

• Show volume labels — display/hide the numerical values of the wave strength on the price chart.
• Show volume waves — display/hide the wave lines on the price chart.
• Show current label — display/hide the current wave strength on the price chart.
• Current label color — font color of the current wave strength.
• Up label color — font color of the ascending waves strength.
• Down label color — font color of the descending waves strength.

[Line and Font Styles]

• Font type — font of the numerical values of the wave strength on the price chart.
• Font size — font size of the numerical values of the wave strength on the price chart.
• Wave width — width of the wave lines on the price chart.
• Wave type — type of the wave lines on the price chart.
• Determined wave color — lines color of the determined waves on the price chart.
• Undetermined wave color — lines color of the temporarily undetermined waves on the price chart.

[Additional Information Styles]

• Show info — display/hide the main indicator settings on the price chart.
• Info location — location of the additional information block on the price chart.
• Font type — font for displaying the indicator settings on the price chart.
• Font size — font size for displaying the indicator settings on the price chart.
• Font color — font color for the whole additional information block.

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