Weis Wave

[StockJock]

Is anyone willing to translate this indicator for us from Visual Basic to NJ7's C# language? These two indicator scripts have to be used together, because the volume indicator references the formulas in the chart indicator.

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22009&d=1337281910

 

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22010&d=1337281910

 

 

 

 

 

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22011&d=1337281920

[m4ni4c]

Indicator is available in nt already, no need to translate.

[Bill Bundle]

Something happend to the images that were posted. What is the best way to store images and attachments for this forum?

 

Anyway, someone posted the indicator on this forum at http://indo-investasi.com/showthread.php/14524-Req-Weis-Wave-Indicator?p=193541&viewfull=1#post193541

Edited June 4, 2012 by Bill Bundle

[santoshdts]

Sorry to post in wrong thread..I am looking for weiswave indicator for Tradestation.. can anyone please post me the links..

 

ThanX & regards

 

Santosh

[f451]

Is anyone willing to translate this indicator for us from Visual Basic to NJ7's C# language? These two indicator scripts have to be used together, because the volume indicator references the formulas in the chart indicator.

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22009&d=1337281910

 

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22010&d=1337281910

 

 

 

 

 

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22011&d=1337281920

 

Post up what you've got an I'll have a look at it.

[BOB122]

Is anyone willing to translate this indicator for us from Visual Basic to NJ7's C# language? These two indicator scripts have to be used together, because the volume indicator references the formulas in the chart indicator.

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22009&d=1337281910

 

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22010&d=1337281910

 

 

 

 

 

http://www.ninjatrader.com/support/forum/attachment.php?attachmentid=22011&d=1337281920

 

Thanks for the share of code

 

this indicator image that you have attached runs in which platform ninja or metastocks.

 

Anticipating a positive response from you

[⭐ trader1968]

Hi all,

 

Does anyone knows why weis wave doesnt show anything (doesnt plot) on 6E but works ok and plots on all other instruments,

meaninh Dax,ES, CL TF....

Can't figure it out,

 

Any ideas ?

 

Thanks gang,

Take care and good trading

[omaron]

Hi all,

 

Does anyone knows why weis wave doesnt show anything (doesnt plot) on 6E but works ok and plots on all other instruments,

meaninh Dax,ES, CL TF....

Can't figure it out,

 

Any ideas ?

 

Thanks gang,

Take care and good trading

 

Is because of point size in 6E (and other currency futures). You need to set the wave size to 0.000x (David Weis uses 0.0003 or 0.0005 on 500 tick charts or 3-5min charts)

[⭐ trader1968]

bloody hell... man

 

You fixed it...

 

Isnt it so worrying to realise how ****** one might be (me obviously ) and at the same moment how lucky to have friends like you guys.

 

Thanks Omaron

[Traderbeauty]

Here is the Weis Wave original link for ninja which is still working- Enjoy

http://www.sendspace.com/file/iuomhc

 

Jane

[mauro33]

.................... Edited May 15, 2014 by mauro33

[mauro33]

.................... Edited May 15, 2014 by mauro33

[Traderbeauty]

Does anyone know what are the two sets of numbers above or bellow the weis wave pivots ?

If i am trying to guess i would say its the strength or probability of continuation in the trend direction. but not sure.

The pdf that came with the indicator was just general knowledge and not specific to the indicator, can someone post the indicator's manual please.

Thanks

Jane

[omaron]

Does anyone know what are the two sets of numbers above or bellow the weis wave pivots ?

If i am trying to guess i would say its the strength or probability of continuation in the trend direction. but not sure.

The pdf that came with the indicator was just general knowledge and not specific to the indicator, can someone post the indicator's manual please.

Thanks

Jane

 

It may be different things based on your settings, but default settings print numbers for Time and Volume of each wave.

[tke1]

thanks...... Edited November 26, 2013 by tke1

[Traderbeauty]

Omaron and tke1- thanks a lot , i cannot believe that this is the manual lol. do you have their website ? maybe i can learn more over there.

Thanks

Jane

[Traderbeauty]

found it---

www.tradingpsychologyedge.com

 

enjoy

jane

[Banner]

@Tradebeauty, website: http://weisonwyckoff.com/. Some Weiss seminars are on youtube. His methods are good, but I feel the indicator is a lagging one.

[Traderbeauty]

Banner- thanks a lot.

I totally agree with you. its a lot of bs, maybe it works on daily but definitely not for day trading.

The reason i am looking at it is to create a simple mechanical method for the es based on 2 renko spectrum.

still working on it and trying to ultra simplify the rules so it will work for everybody.

once i finish i will post it for everyone to use.

Jane

[Banner]

@Tradebeauty, thank you for the hardwork. I am stock trader. With years of trials and errors, I doubt a simple mechanical method would work for for retail traders, because the human factor. Even if retail traders use the same method, most will lose, as everyone interprets and reacts to the signals differently. Weis can sucessfully trade his methods, but it does not mean that traders use his indicator can win.

 

In another post, I made up an example of trading a downmove of 1.272, 1.414, and 1.618, and you made comments. That trader watches the same fib levels you feel important, but jumps the gun for reversal while you wait for a follow-up. Sometimes that trader can gain, and sometimes he will lose, as you commented. So what matters more in trading than a method is statistical probability of a trade and self-control.

[Traderbeauty]

Hi Banner-

Was just trying to find a simple tool to help everyone here.It can work nicely on the ES.

I am using only the zigzag part and not the bottom or the numbers which are useless and delayed.

I like the zigzag part on a 2-1 renko spectrum- here is the image : http://imageshack.com/scaled/large/834/n0e5.jpg

The reason why i like this indicator is because it was sensitive enough to change in real time while i was watching it and the fact that it shows the zigzags and the waves pretty nice. i am sure that you can just use the zigzag tool with no need for the weis wave but who cares- here are the simplified rules.

The zigzags or ZZ for short are giving us the direction ; as long as we have lower low we short at the next signal and vice versa with longs.

What is a signal ? - we can either use the ZZ bars as they change color or use the following setup : http://imageshack.com/scaled/large/585/kgsm.jpg either on 70 tick if you want an early entry or 144 ticks or combine both entries.

Now here are few sub-rules very important.

look at the left of the 2 renko shorts- basically we would short 4 times till we got to the bottom ( please ignore the numbers- no idea what they are and i dont care).

Here is the MOST IMPORTANT RULE : when we short- NOTE THE DISTANCE BETWEEN THE BOTTOMS. first bottom was around 9:16 , second was around 10 am- look at the distance between the bottoms- huge- that means that the TREND IS STILL STRONG and NO NEED for complicated divergence tools on 72 time frames lol.

Lets look at the distance between 2 and 3 which happened around 10:15 - still big- meaning TREND STILL STRONG.

look at number 4 around 10:35 and number 5 around 10:41 - VERY IMPORTANT: when you see a drop of 1 tick and then a starting of up THIS IS A MECHANICAL DIVERGENCE. all the breakout sellers that cannot continue down are buying like crazy so you better get out and continue the short from a higher level. NOW- you can say- but wait- we have a higher high now so we should only go long- its partially true but we have a very strong down move so UNLESS the market proves to us that we have higher high AND higher low - we do not long ( see under) , so thats how we got to the bottom around 11 am practically pure mechanical hardly using any indicators.

once we hit the bottom it did not let us short anymore, on top of that it broke few strong resistances so now we DO NOT short anymore but once we moved point at around 12 pm we are looking for a long which happened around 12:17 pm. we are still looking for a long which we got around 2:17 pm ( same story as before- we have 1 tick lower low but not yet lower high so YES go long here with a symmetrical target of one tick bellow previous high at least. we did not get it but so far we have a lot of points lol.

One more addition- you can go counter-trend BUT ONLY if you get the signal at a perfect 1.272 or 1.618 extension otherwise just leave it alone.

Hope you like it, good trading

Jane.

p.s i always look to better everything so please- if you have a better signal indicator please let me know

and of course DO NOT FORGET THE "THANKS" BUTTON.

[Traderbeauty]

one more important fact- there is no need to know or find out when the move- trend is over- once the distance between the tops/ bottoms gets small- like 1-2 ticks then stop entering, most likely the trend is over.

 

one more thing- i highly recommend no to trade small legs because when u do have them it means we are in or at the beginning of a consolidation.

 

btw- if you used any delaying indicators like moving avg or mom or anything that depends on history- your entry would have been way later than using this method.

 

Jane

[ohcire]

Hi,

 

Please share the Weis Wave indicator for TraseStation.

 

Thank you.

[StockJock]

Although the Weis Wave Indicator was developed by David Weis, it is actually based on the Wyckoff Wave as completely explained in "Richard Wyckoff Tape Reading & Active Trading" course. Wyckoff describes in detail how this wave is plotted on paper, because he didn't have a computer in his day. This course has several case studies that explain how this wave concept is to be applied. This Wyckoff method of trading is for short term trading and not to be confused with his original long term method as taught in his "Richard Wyckoff Stock Market Science and Technique" course.

 

TraderBeauty: The pdf that came with the indicator was just general knowledge and not specific to the indicator, can someone post the indicator's manual please.

[BOB122]

Although the Weis Wave Indicator was developed by David Weis, it is actually based on the Wyckoff Wave as completely explained in "Richard Wyckoff Tape Reading & Active Trading" course. Wyckoff describes in detail how this wave is plotted on paper, because he didn't have a computer in his day. This course has several case studies that explain how this wave concept is to be applied. This Wyckoff method of trading is for short term trading and not to be confused with his original long term method as taught in his "Richard Wyckoff Stock Market Science and Technique" course.

 

 

 

Can any one share this course by Richard Wyckoff