Official Weis Wave MT5

• "A Modern Adaptation of the Wyckoff Method"
• "The Secret Science of Price and Volume"
• "Trades About to Happen"
• To know more, search on the internet: "The Wyckoff Method", "Weis Wave" and "Volume Spread Analysis";

Features

• 3 types of waves: bullish, bearish and unknown. The unknown wave comes when prices move in opposite the direction of the current wave.
• Label that shows the percentage remaining for the next wave.
• Allows you set the type of volume that will be accumulated in the waves, either real or tick volumes. Thus, the indicator works in any market, for example: stocks, futures, forex, commodities, etc.
• Allows you to set the required score for the wave exchange.
• Allows you to set the font size of the percentage labels.
• Lets you set both the wave colors and the colors of the percentage labels.

Inputs Parameters

• Reversal Points - Point limit in the opposite direction to change wave.
• Bulls Wave Info - Bulls percentage label color.
• Bear Wave Info - Bear percentage label color.
• Font Size Info - Font size of percentage labels.
• Volume Type - Real Volume or Ticks Volume.

Colors

• Set the color of waves.