the_MarketWhisperer

Weis Wave Volume Numbers

What is it?

This is an indicator to complement @modhelius' Weis Wave Volume Indicator.
Original code has been modified to display wave volume (cumulative) numbers above or below the latest candle of the corresponding wave on the main pane. Since we are concerned only with relative volume , VOLUME NUMBERS HAVE BEEN SCALED DOWN. (If you need actual volume numbers, uncheck "Scale Down Volume" option in Settings). Rising wave volume is denoted in green. Falling wave volume is denoted in red. Developing wave volume is postfixed with a '_'. Confirmed wave volumes won't have this.

Who is it for?

This indicator is useful if you already use Weis Waves in your analysis and could do with an additional numerical representation of the wave volume on the main pane. Can be used in conjunciton with @modhelius' Weis Wave Volume (WWV) indicator (need to be added separately) to complement the visual representation of the waves. Can be used independently as well.

Pelase note that if you use any other Weis Wave indicator (other than @modhelius'), the numbers and the waveforms might not match.
リリースノート: Now with ZigZag.

  • Added a ZigZag option. Disabled by default. Enable it from Settings.
  • Added Wave Pivot Markers. Disabled by default. Enable it from Settings. If you don't need the Zig Zag displayed, you can use wave pivot markers to see the reference points for wave volume numbers.
リリースノート: Cosmetics.
リリースノート: ...
リリースノート: Bug fix.
リリースノート:
  • Colors are now configurable
  • Volume Scale Down Factor added as an input. Use this if the volume figures get too lengthy/messy for easy readability
  • Minor bug fix
  • Code cleanup
リリースノート: Minor improvement. "Traditional" Assignment method now uses the "Value" parameter as a multiplier for the minimum tick size of the symbol (rather than just the number itself). This gives more flexibility in defining the wave granularity. Play around with it till you get the granularity that you are looking for.

Please note that although most symbols work well with small values for "Value" in the "Traditional" mode, some symbols (like ETHUSD for e.g.) *may* need to have this set very high (in the 100,000s) to have any effect.
リリースノート:
  • Major Bug Fix: Fixed a calculation error in cumulative wave volume
  • Minor Bug Fix: Fixed a boundary case wrt update of the developing volume
  • No change in features
リリースノート: New Feature: Candle colors based on volume. Enable this to see the highest volume candles in the darkest color and the least volume candle in the lightest. The numbers give you a sense of whether a wave is high volume or not. And the candle colors give you a sense of *where* in the wave the volume was done. Bottom-heavy, top-heavy, etc.

Disabled by default. Enable and change colors from Settings.
オープンソーススクリプト

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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