Sorry it’s taken me so long to do an actual video for the Weis Wave & Ord-Volume indicator, but that is finally done now and released on the Weis Wave page and the Youtube channel.
I also released some small improvements to the behavior and settings and coloration options.
I’m currently working on some major improvements to the overall features including different methods for identifying waves instead of just the existing ZigZag method, as well as a more full-featured trend identification scheme, so keep an eye out for a beta of that to be released soon.
Meanwhile, check out the latest small update and video here.
The basic idea is you can define your Zig Zags as usual with the built in Zig Zag indicator. But instead of just plotting zig zags, the indicator will plot volume profiles for each wave/swing, and additionally anchor VWAPs to the most recent 5 swing high/low pivot points and plot them forward in time to present.
Here’s a quick walk through:
Get the indicator here (or if you’re an existing owner download it in the My Account > Orders > View Order Details page):
Josiah is a stock trader, thinkScript programmer, real estate investor, and budding mountaineer. He's also rumored to be an in-shower opera singer. Josiah & his family live in Nashville, TN. Twitter | YouTube
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