wave weis bar force
Info
The wave weis bar force is a Indicator for MetaTrader 5 that waveweisbarforce - accumulated wave volume (weis) waveweisbarforceis an indicator that applies the logic of volume waves (weis) to identify accumulations and changes in market direction. it adds up the volume while the trend remains unchanged.
Usage
This tool is typically used for enhancing chart analysis and decision making.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use wave weis bar force
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
waveweisbarforce - accumulated wave volume (weis) waveweisbarforceis an indicator that applies the logic of volume waves (weis) to identify accumulations and changes in market direction.
Typical Use Case
This Indicator excels in automated trading and technical analysis on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Sine Wave Indicator - another powerful indicator for MetaTrader 5 traders.
waveweisbarforce - accumulated wave volume (weis)waveweisbarforce
is an indicator that applies the logic of volume waves (weis) to identify accumulations and changes in market direction. it adds up the volume while the trend remains unchanged. when the direction changes, it starts a new wave and resets the accumulation to zero. intensity is calculated by levels, according to the ratio between the volume of the current wave and the largest recent accumulation ( intensity window).
Also recommended: Composite Binary Wave Indicator - similar indicator with strong performance on MetaTrader 5.
input parametersvolume_type
- defines the volume source (tick or real).
intensity
- bar window used for intensity reference.
bullish levels (1 to 4)
- scale of green, from lightest to
lime
.
bearish levels (1 to 4)
- red scale, from lightest to
red
.
example of the input parameters screen:
visual interpretation
bullish levels
level 1: very light green (low intensity wave).
level 2: light green.
level 3: medium green.
level 4:
lime
(maximum intensity bullish wave).
bearish levels
level 1: very light red (low intensity wave).
level 2: light red.
level 3: medium red.
level 4:
red
(maximum intensity bearish wave).
wavemax (white)
- marks the bar with the highest volume within the current wave.
waveclimax (yellow)
- marks when the current wave's accumulation exceeds the best historical accumulation.
example of the indicator applied to the chart:
notes
only the current cumulative value is displayed in the legend.
wavemax and waveclimax are hidden by default to keep the reading clean.
the indicator is suitable for any asset and timeframe, and is especially useful for intraday studies.
You may also like: binary wave ht f - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property strict
#property indicator_separate_window
#property indicator_plots 3
#property indicator_buffers 6
#property indicator_minimum 0.0
#property version "1.0"
#property copyright "RobotFX"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org"
#property description "Educational code - RobotFX www.robotfx.org".......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.