OPEN-SOURCE SCRIPT
My Wave

This is my implementation in TradingView of my modified version of the "Weis Wave".
Given the limitations of TradingView in alter past variable values, whenever the close change direction and the wave don't I sum the volume to the present wave and also to a possible future wave.
This results in columns of a mixed color within the columns of the histogram. By changing the percentage input you can and must keep this extra columns to a minimum.
You must insert two copies of the indicator on your chart and "unmerge down" one of them. On the overlayed you must * format and edit and unmark Histup and Histdown, on the unmerged down you must * format and edit and unmark BetaZigZag and stableZigZag.
You can also unmark Bar Color on both if you don't want to colour the bars according to the waves.
Trend: If the buying waves are longer than the selling waves the immediate trend is up, and vice versa.
Look out for a change in trend if in an uptrend the selling waves begin to increase in time and distance or the buying waves shorten, and vice versa.
From the volume histogram you can get the force of the buying and selling waves.
From the price waves you get the result of that force. You can also spot the "shortening of the thrust" up or down.
Comparing the two you can spot "effort without result" "ease of movement".
References: "Trades About To Happen" David H. Weis, Division 2 of the Richard D. Wyckoff Method of Trading in Stocks.
Given the limitations of TradingView in alter past variable values, whenever the close change direction and the wave don't I sum the volume to the present wave and also to a possible future wave.
This results in columns of a mixed color within the columns of the histogram. By changing the percentage input you can and must keep this extra columns to a minimum.
You must insert two copies of the indicator on your chart and "unmerge down" one of them. On the overlayed you must * format and edit and unmark Histup and Histdown, on the unmerged down you must * format and edit and unmark BetaZigZag and stableZigZag.
You can also unmark Bar Color on both if you don't want to colour the bars according to the waves.
Trend: If the buying waves are longer than the selling waves the immediate trend is up, and vice versa.
Look out for a change in trend if in an uptrend the selling waves begin to increase in time and distance or the buying waves shorten, and vice versa.
From the volume histogram you can get the force of the buying and selling waves.
From the price waves you get the result of that force. You can also spot the "shortening of the thrust" up or down.
Comparing the two you can spot "effort without result" "ease of movement".
References: "Trades About To Happen" David H. Weis, Division 2 of the Richard D. Wyckoff Method of Trading in Stocks.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit de TradingView, le créateur de ce script l'a rendu open-source, afin que les traders puissent examiner et vérifier sa fonctionnalité. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.