VolumeDayTrader offers script of such indicators on TradingView. For more details check our profile or DM us. Weis Wave is an advanced trading indicator used to identify bullish and bearish patterns in the market. It is based on Richard D. Wyckoff's methodologies and is typically used to analyze volume and price action. Here's how to recognize and understand...
Simple story: First of all this is classic entry as TTVW says - Exit from range with PRL The rest of the story Green waves larger than red waves Speed Index on the high side at the pullback = Hard to move done (Effort vs Result) No funny stuff at the top yet Therefore we should be heading for the resistance level approximately 60 pips
Buyers have stepped in. High Up Volumes green is everywhere. That last down wave with high volume has a high Speed Index 16.4, that's hard to move down Plutus signals also Long We should be reaching at least he Fib area
After hitting Fib Area 61.8 the Short signals from Plutus started PRS and PS. The largest down wave after a while. The large down move wave at regular Speed Index 8.8 which means market agrees with the move. More pips to go!
This video explains the logic behind this short trade. Enjoy! Learn to Read and Trade any Market
Every chart has a story to tell, this the story of this one. This video explains how to read the chart using volume waves, pvr, speed index and plutus signal
All the charts say a story, you just have to be able to read it! The Chart Story: Progressive Volume Rate increasing as we approach Support Plutus also signals PL signal = Long High Volume waves after a while