Weisonwyckoff – Weis Wave Plugin 2.02 (Feb 2012)
The Weis Wave Plugin is the end product of 30 years of work to find the most accurate portrayal of volume. The insights gained from this plugin are a great help in anticipating trend changes of varying degrees.
Anyone who has watched intraday price movement knows it unfolds in a series of buying and selling waves — a process of building up and tearing down. Prices do not unfold in bundles of equal time. When the natural movement of prices is bound by time, the trend still remains visible. Volume, however, does not fare so well. Subdividing volume into time periods obscures the true force of buying and selling. The Weis Wave Plugin creates wave charts along with their corresponding wave volume.
Wave charts were first created by Richard D. Wyckoff. In his famous course on stock market technique, he instructed students to “think in waves.” Wave analysis was an integral part of his trading method. The Weis Wave is an adaptation of Wyckoff’s method that handles today’s volatile markets. It works in all time periods and can be applied to the futures, forex, stock, and commodity markets. You will be amazed at how well the Weis Wave identifies turning points.
More info: https://weisonwyckoff.com/weis-wave/
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