LazyBear

Indicator: Weis Wave Volume [LazyBear]

This indicator takes market volume and organizes it into wave charts, clearly highlighting inflection points and regions of supply/demand.

Try tuning this for your instrument (Forex not supported) by adjusting the "Trend Detection Length". This "clubs together" minor waves. If you like an oscillator-kind-of display, enable "ShowDistributionBelowZero" option.

Note: This indicator is a port of a clone of WeisVolumePlugin available for another platform. I don't know how close this is to the original Weis, if any has access to it, do let me know how this compares. Thanks.

More info:
http://weisonwyckoff.com/weis-wave/

Complete list of my indicators:
オープンソーススクリプト

TradingViewの精神に則り、このスクリプトの作者は、トレーダーが理解し検証できるようにオープンソースで公開しています。作者に敬意を表します!無料で使用することができますが、このコードの公開物での再利用には、ハウスルールに準拠する必要があります。お気に入りに登録してチャート上でご利用頂けます。

チャートでこのスクリプトを利用したいですか?
//
// @author LazyBear 
// List of all my indicators: https://www.tradingview.com/v/4IneGo8h/
//
study("Weis Wave Volume [LazyBear]", shorttitle="WWV_LB")
trendDetectionLength=input(2)
showDistributionBelowZero=input(false, type=bool)
mov = close>close[1] ? 1 : close<close[1] ? -1 : 0
trend= (mov != 0) and (mov != mov[1]) ? mov : nz(trend[1])
isTrending = rising(close, trendDetectionLength) or falling(close, trendDetectionLength) //abs(close-close[1]) >= dif
wave=(trend != nz(wave[1])) and isTrending ? trend : nz(wave[1])
vol=wave==wave[1] ? (nz(vol[1])+volume) : volume
up=wave == 1 ? vol : 0
dn=showDistributionBelowZero ? (wave == 1 ? 0 : wave == -1 ? -vol : vol) : (wave == 1 ? 0 : vol)
plot(up, style=histogram, color=green, linewidth=3)
plot(dn, style=histogram, color=red, linewidth=3)
List of my free indicators: http://bit.ly/1LQaPK8
List of my indicators at Appstore: http://blog.tradingview.com/?p=970

コメント

コメントは削除されました
@wjsharples1, do you still play like this? Would you suggest only WWV_LB (5) is good for daily chart or are there other good lengths you discovered?

Thanks
+25 返信
Alecto wjsharples1
@wjsharples1, how can find it?
+2 返信
コメントは削除されました
modhelius girolamoaloe
@girolamoaloe, you can find an implementation that make use of a zig zag-line here .
+15 返信
girolamoaloe modhelius
@modhelius, Thank you very much for your work :) . Your work was great in the making of this tool.

I don't use the Weis Wave. I was just testing the tool. I am sharing your indicators with my trading students, in the case, someone of them wants to use it.
+10 返信
Thank you LazyBear. Is there a formula or method to set/choose the optimum trend detection length for each script/stock?
+13 返信
//@version=3
study("Weis Wave Volume ", shorttitle="WWV_LB")
// Umur Ozkul: This version is suitable for the security function. So that it can be used in multi time frame strategies

trendDetectionLength=input(2)
showDistributionBelowZero=input(false, type=bool)

weissWave(trendDetectionLength, showDistributionBelowZero, cls, vlm) =>
mov = cls>cls ? 1 : cls<cls ? -1 : 0
trend = 0
trend := (mov != 0) and (mov != mov) ? mov : nz(trend)
isTrending = rising(cls, trendDetectionLength) or falling(cls, trendDetectionLength) //abs(cls-cls) >= dif
wave = 0
wave := (trend != nz(wave)) and isTrending ? trend : nz(wave)
vol = vlm
vol := wave==wave ? (nz(vol)+vlm) : vlm
up=wave == 1 ? vol : 0
dn=showDistributionBelowZero ? (wave == 1 ? 0 : wave == -1 ? -vol : vol) : (wave == 1 ? 0 : vol)


weissWaveWave(trendDetectionLength, showDistributionBelowZero, cls, vlm) =>
= weissWave(trendDetectionLength, showDistributionBelowZero, cls, vlm)
wave
weissWaveVol(trendDetectionLength, showDistributionBelowZero, cls, vlm) =>
= weissWave(trendDetectionLength, showDistributionBelowZero, cls, vlm)
vol
weissWaveUp(trendDetectionLength, showDistributionBelowZero, cls, vlm) =>
= weissWave(trendDetectionLength, showDistributionBelowZero, cls, vlm)
up
weissWaveDn(trendDetectionLength, showDistributionBelowZero, cls, vlm) =>
= weissWave(trendDetectionLength, showDistributionBelowZero, cls, vlm)
dn

wave = weissWaveWave(trendDetectionLength, showDistributionBelowZero, close, volume)
vol = weissWaveVol(trendDetectionLength, showDistributionBelowZero, close, volume)
up = weissWaveUp(trendDetectionLength, showDistributionBelowZero, close, volume)
dn = weissWaveDn(trendDetectionLength, showDistributionBelowZero, close, volume)

plot(up, color=green, style=histogram)
plot(dn, color=red, style=histogram)
+13 返信
umur.ozkul umur.ozkul
@umur.ozkul, Sorry, posting as a comment removed the tabs.
+5 返信
From what I understand of WW it follows the zig zag pattern of price movement up or down. The wave histogram is the cumulative volume from the lowest point of the price zigzag (swing) to the highest or vice versa. You change the setting of the height of the price zigzag (swing) (from say .5 to any value above or below - not negative). This allows you to choose the setting of the zigzag (swing) that is most appropriate for your work. The volume wave will follow the price zigzag (swing) starting from the lowest or highest to next high or low based on the individuals setting, and will continue going higher or lower till there is a reversal in price based on the setting.
This allows you to see the cumulative volume for that move of the price swing. (eg. your setting may be 1.5 for stocks or a value appropriate for currencies or commodities. The wave will continue beyond 1.5 till there is a reversal of that amount or less if you want to provision for that say 1.) Hope this helps
+10 返信