Hello Traders. I have an idea for an indicator that is inspired by the weis waves indicator-an improvement of it, if you will. I will post the weis wave indicator @ the bottom of the post with a picture to convey the general idea of the indicator.
This particular indicator, instead of showing TOTAL volume @ the end of a trend like the weis wave, will display Buy & Sell volumes that happened on the price leg SEPARATELY. On the indicator window, the display of Buy/sell wave volumes could occupy either side of the '0' level-with sell volumes for the wave below zero & buy volumes for the wave above zero. If it could have settings adjustment similar to the zigzag, it will be gold!
It could give us an idea of what price will do in s/r zones.
If anyone knows of such an indicator that exists, kindly share it here or please help with the code.
Regards
Annuna
This particular indicator, instead of showing TOTAL volume @ the end of a trend like the weis wave, will display Buy & Sell volumes that happened on the price leg SEPARATELY. On the indicator window, the display of Buy/sell wave volumes could occupy either side of the '0' level-with sell volumes for the wave below zero & buy volumes for the wave above zero. If it could have settings adjustment similar to the zigzag, it will be gold!
It could give us an idea of what price will do in s/r zones.
If anyone knows of such an indicator that exists, kindly share it here or please help with the code.
Regards
Annuna
Attached File(s)
Weis3.mq4
9 KB
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2,139 downloads