Technical Indicators for MetaTrader 5
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MetaTrader 5
Top Rated Products MT5
Overview
Rental/Lifetime Package Options and Privileges
| Rent | Monthly | Six Months | Yearly/Lifetime |
|---|---|---|---|
| Weis Wave with Speed with Alert+Speed Index | x | x | x |
| Manual | x | x | x |
| Quick Set up Video | x | x | x |
| Blog | x | x | x |
| Lifetime Updates | x | x | x |
| Setup and Training Material | x | x | |
| Discord Access Channel "The SI traders" | x | ||
| Rectangle Break Alert Tool | x |
How to trade with it: http://www.tradethevolumewaves.com
** If you purchase please contact me to setup your : Two hour webinar and training Room and complete manual access.
Weis Wave with Alert MT5
This is a Weis Wave indicator which is based on Richard D. Wyckoff theory. It works in all time periods, range bar and tick bar charts and it can be applied to any market.
This indicator is an evolution of Weis Wave because it offers the autowaves feature, five different wave types as well as the powerful Speed Index. Each price wave is moving in a specific direction up or down until it reverses. In order for the indicator wave to reverse in the opposite direction, the price should exceed the number of points (pip*10) set in the parameters. Therefore, the last wave repaints but the theory behind this trading method is forecasting where the market will go by reading the previous waves.
Trading Strategies: www.tradethevolumewaves.com Setup Parameters
- Indicator Number: Multiple Indicators can be added on the same chart. Valid values "0 to 9" and "a-z"
- Show Orders: display or not your orders
- Load all Bars: true/false, if false Number of bars back will be loaded
- Number of bars back: numbers of bars that the indicator will load
- Wave Direction Change difference in Points: Number of points required for the current wave to reverse and form a new wave
- AutoDifference: true/false - Neglects the Wave Direction difference and adjusts the Difference automatically creating more accurate waves.
- AutoSensitivity: The higher the number the higher the sensitivity and therefore more waves are formed.
- Volumetype= true=Tick Volume, false=Real Volume
- Weighted Volume: true/false - Weights volume of different sessions taking into consideration that when London and US are operating at same time have the highest volume of all sessions occurs and adjusts the rest of the sessions. With this parameter it very easy visualize which volumes are significant even on Asian hours or non-significant on London-US hrs.
- Net Volume: 0-Disabled, 1-Price Close, 2 Price Median
- Wave Type: 0-Regular Volume, 1-Pips, 2-Progressive Volume Rate, 3-Time,4 Emphasized Volume Waves, 5 Inverse Progressive Pip Rate
- SI Display: Show or not speed index on the chart 0-No Display, 1 Speed Index only, 2 Volume and Speed Index, 3 Speed Index and Average Speed Index, 4 Speed Index and Wave speed (Fast or SLow)
- Show Plutus Patterns or Not
- Alert on Plutus Patterns: Popup, Sound, Email, Push Notification
- SpeedAlert: There are two ways that you can be notified for Extreme Speed Index numbers the Automatic and the Manual, please refer to the manual for explanations.
- Alerts :Popup, Sound, Email, Push
- ShowLabels: Display or not the wave type the pips and the number of bars of each wave
- What to Display:1-Volume,2-Pips, 3-Bars, 4-All, 5-Volume and Pips
- ShowWaveLine: Draw the wave line or not on the price chart
- Format: LabelShift, Font size, Color Up, Color Dn, wave color, wave width
Volume Alert The information displayed by the alert function are: the pair, the period, a message “High Down Volume” or “High Up Volume” and the time.
- Volume Alert Above this limit: The value of cumulative volume that will be triggered if the alert is exceeded
- Alerts: Popup, Sound, Email, Push
- VolDivBy: Volume divider in order to avoid big numbers on the display
- PipDivBy: Pip distance divider in order to avoid big numbers on the display
- SI Multiplier: Speed Index Multiplier for better display
- Reverse Style: inverts wave style
