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.
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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" |
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ProRealTime ITF files and other attachments :
Filename : download the ITF files
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great idea
changing the trendDetectionLength setting does not seem to have any effect on the wave calculation!?
i can’t seem to get this indicator to work on forex pairs. it works great on indices etc. Any ideas what I’m doing wrong
Indicator needs Volume, and there are no volumes with forex pairs with IG.