Weis Wave

v10.3
Weis Wave

This code draws the Weis wave (or Wyckoff wave) on the price line and print the volume traded on the up or down leg. It comes from the book “trades about to happen”. For whoever likes to use Wyckoff it will be useful.

The code allows you to chose ATR (with Wilder’s average/SMA/EMA/WMA..) or a traditional box. When the box cell is zero the code uses automatically the ATR.

Blue skies!!!

Share this

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments : How to import ITF files into ProRealTime platform?

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials

  1. juanj • 01/19/2019 #

    Would love a link or description to better understand the Weis/Wyckoff wave above

  2. gabri • 01/19/2019 #

    https://www.youtube.com/watch?v=1lzgjJL1Ar4&t=2s

  3. Tamir Hacham • 01/19/2019 #

    I would be, at least for me, a good idea if you can draw the accumulative wave of volumes with the same parameters. Thanks in advance.

  4. gabri • 01/19/2019 #

    Tamir, I am not sure I understand what you mean

  5. Tamir Hacham • 01/19/2019 #

    Hi gabri,
    sorry for my late response.
    Weis Wave comes also wit accumulative volume on a separate indicator window using vertical bar, showing the accumulated volume on each wave, day by day.
    If you still don’t understand me, look at this link – https://files.constantcontact.com/d491ca79201/26b1b1b7-8d3c-44bb-b04a-4c03f48f30a1.pdf.
    Thanks in advance.

  6. gabri • 01/19/2019 #

    Tamir, it’s the same. You can use either a different indicator for the volume of the volume reported on the peaks and throughs.

  7. Tamir Hacham • 01/19/2019 #

    Hi gabri,
    I know this, yet I am not familiar with coding of indicators. So my question was in fact, is it possible to have a separate indicator for the accumulated volume.
    thanks

  8. Real Pro • 01/19/2019 #

    Great work gabri. I have this coded on Amibroker and I have done lots of backtesting but never found anything profitable. I emailed Weis and it seems like he never backtested his ideas. Have you found differently? Thanks a lot.

  9. gabri • 01/19/2019 #

    Hi Real Pro, this indicator assists novices of the Wyckoff system. Wyckoff himself thought this technique and he was using it with ticker tape. Weiss adapted this system to various timeframe charts. The system helps only the trader in his decision making since the Wyckoff system is a pure discretionary system. if you are planning to use this indicator for AT I think you might be disappointed.

  10. tatie • 01/19/2019 #

    hi Gabri,

    I just came across the wyckoff method and was looking for the weiss wave indicator for PRT and found your post. knowing nothing elses about how this indicator is calculated….how should I define the following parameters in your code?

    //parameters :
    //MM=0
    //periodo=14
    //box=0 (in case the boxsize has to be based on ATR) or any other value for traditional computation
    //coeff=1

    any guidance is appreciated!

    thanks in advance,
    Tatie

avatar
Register or

Likes

avatar avatar avatar avatar avatar avatar avatar
Related users ' posts
Jesper Great share!
eckaw Hi Nicolas, I'm using this indicator when there is confluence over 3 different timeframes (5...
Nicolas Yes it is indeed possible. Create a topic in the screener forum and explain what you need an...
KyleReed i've been using this for a few days now and it's really helped me a lot in timing the execut...
Ben Ji Bonjour Nicolas, je souhaiterais exploiter votre screener sur la plateforme TradingView. Pou...
Nicolas Non désolé, je ne fournis pas de support pour cette plateforme.
luxrun Thanks, bolsatrilera, for a very good and solid screener!
luxrun sorry... indicator!
Lily Rios Gracias por el indicador, tengo una pregunta necesito programar un screener de valores que e...
mmoren44 no esta el color azul (Fade //Blue), No aparece en las barras el color azul.
larouedegann changer fade coloured (0,0,255)
Nicolas 1. yes 2. maybe yes?! 3. why not?
patapouf Bonjour Nicolas. Je viens de découvrir cet indicateur, que je trouve bien intéressant Mais...
Nicolas Tu peux modifier le paramètre "scalefactor" pour adapter la hauteur des barres à ton graphiq...
bolsatrilera EM MONEY FLOW INDEX + ALERTS //@version=3 // on platform Tradingview by DreamsDefined //a...
Carlos Garcia Enorme. Gracias!
Andraxx Buen indicador.... Gracias
TAC Bolsa All indicators share some code of other TAC indicators that improve the functioning of this ...
ramonjp Hi Tac, Great job. Please, can you provide latest code version of this indicator without ...
Tze Khai Lim Hi Tac, pls provide latest code version of this indicator. Thanks in advance.
TAC Bolsa Estas equivocado al 99,9%. La correlación entre las series de precios y volúmenes las des...
Domenec Si hablas de un indice regional como el Ibex es posible que sea asi yo nunca lo he operado y...
TAC Bolsa Regional de Mostoles, en una cosa tienes razón mejor dejarlo aquí...
Xusto Hello, Fully Agree, I will update it with your advice. Btw Can would you like share you co...
Niklas johansson hägglund do you now if it's possible to use this strategy with this code in tradingview also?
Alexander9 This code for metastock ?, can for amibroker . Thanks
TACBOLSA
6 years ago
luxrun Thank you so much Tac BOLSA, I can not post the picture tonight I'll try tomorrow. I loaded ...
TAC Bolsa A new version of TAC Volume HPI DIV10.4 is available. that marks the divergence In the fo...
Raymundo Buenas tardes. Como puedo descargar algunos indicadores de esta pagina ?
mangiaragni Buongiorno io non riesco a visualizzare nessun tipo di volume , mi torna sempre una linea dr...
Nicolas Assicurati che lo strumento che stai guardando abbia dei volumi! È il caso?
Carlos Garcia If price tags the lower BBand, look for IIIX has positive values to enter a trade. Converse...
Thally Thanks for the quick response Nicholas. Would you have any idea how to resolve. Manually ref...
Thally Do you think adjusting the below code might help? newperiod = minuteminute[1] if newperi...
Nicolas There is no "second" instruction.
YvesRobert Merci beaucoup Nicolas. Existe t'il un petit programme qui permet de tracer sur la graphe en...
Nicolas Oui il y a celui ci: https://market.prorealcode.com/product/prt-renko/?lang=fr
YvesRobert Bonjour Nicolas, j'ai une question technique à te poser. Je visualise souvent le cours en RE...
GenesisEX Thank you all for your contributions this is a great submission. Thanks for your inputs.
tino Bonjour nicolas. Je ne parviens pas à recopier le screener de l'indicateur. Auriez vous la g...
Nicolas Quel screener svp? C'est dans un des sujets du forum? Merci de fournir le lien.
gabri Ha ragione in computer, ho sbagliato io BullAD = summation[period](ADvolbull*((Close-Low) –...
marcov66 Perfetto! Funziona. Grazie di tutto!
SkrHugo Bonjour, J'essaye d'utiliser le script avec le graphique renko mais sa ne marche pas, quelq...
Tonicejudo Hola Nicolas, a ver si me puedes ayudar. Hay un indicador que se llama volumen stop de bolsa...
Nicolas Utilice los foros para hacer preguntas no relacionadas con la página actual ...

Top