Weis Wave Volume

Adaptation for Prorealtime V10.3 of the Weis Wave Volume indicator created by Lazy Bear for the Tradingview platform.

This indicator takes the volume and organizes it in waves, highlighting the inflection points as well as the supply / demand.

Adaptación para Prorealtime V10.3 del indicador Weis Wave Volume creado por Lazy Bear para la plataforma Tradingview.

Este indicador toma el volumen y lo organiza en ondas , destacando los puntos de inflexión así como la oferta/demanda.

REM WEIS WAVE VOLUME
// @author LazyBear
// List of all indicators Lazy Bear: https://www.tradingview.com/v/4IneGo8h/
//adaptación para Prorealtime por bolsatrilera


trendDetectionLength=2

if close>close[1] then
 mov=1
elsif close<close[1] then
 mov=-1
else
 mov=0
endif

if mov <>0 and mov <> mov[1] then
 trend=mov
else
 trend=trend[0]
endif

rising=abs(close-close[1])>abs(close-close[trendDetectionLength])
falling=abs(close-close[1]<abs(close-close[trendDetectionLength]))

if rising or falling then
 isTrending= rising or falling
endif

if trend <> wave[1] and isTrending then
 wave=trend
else
 wave=wave[0]
endif

if wave=wave[1] then
 vol=vol[0]+volume
else
 vol=volume
endif

if wave=1 then
 up=vol
else
 up=0
endif

if 0 then
 if wave=1 then
  dn=0
 endif
endif

if wave=-1 then
 dn=-vol
else
 dn=vol
endif

if wave=1 then
 dn=0
else
 dn=vol
endif

return up coloured (0,128,0)style(histogram)as "up",dn coloured(255,0,0)style(histogram)as "dn"