Any ideas regarding the Weis Wave Indicator?

<p id="isPasted">Weis Wave support STOCKS, INDICES, FUTURES, FOREX on RANGE, TICKS, SECONDS , MINUTES,HOURS, DAILY, WEEKLY, MONTHLY time frames as same as this add on. Your job is to open Market Analyzer and include instruments you would love to follow. If those are stocks for example, you can scan list all of your favorites and/or couple of thousands of them and search for patterns on Daily, Weekly , Monthly or intraday time frame If you are future or forex trader you can do the same scan and trade favorite instruments on intraday or longer time frames.</p>

<p id="isPasted">The Weis Wave Indicator is a powerful volume-based tool developed by David Weis, a renowned expert in the Wyckoff Method. Unlike traditional volume bars that look at a single candle, it aggregates volume over entire price swings, or "waves," to reveal the true conviction of institutional players.&nbsp;</p><p><strong>How It Works</strong></p><p>The indicator identifies a series of up and down price swings and sums the total volume traded during each. It typically appears as a histogram below your price chart:&nbsp;</p><ul><li>Bullish Waves (Green): Represent the total volume accumulated during an upward price move.</li><li>Bearish Waves (Red): Represent the total volume accumulated during a downward price move.</li><li>Cumulative Nature: If a price wave continues for five bars, the indicator adds the volume of all five bars into one single large histogram bar, filtering out minor "market noise". </li></ul><p><strong>Core Trading Strategies</strong></p><ul><li>Effort vs. Result: A large volume wave (high effort) with very little price progress (low result) often signals absorption by big players and a potential reversal.</li><li>Divergence: If the price makes a new high but the corresponding green Weis Wave is smaller than the previous one, it indicates demand exhaustion, suggesting the trend is weakening.</li><li>Low-Volume Pullbacks: A high-probability setup involves a strong impulse wave followed by a shallow, low-volume wave in the opposite direction, signaling a continuation of the main trend.</li><li>Breakout Confirmation: Legitimate breakouts are typically accompanied by a significant expansion in wave volume compared to previous waves in the same direction. </li></ul><p><strong>Platform Availability &amp; Tips</strong></p><ul><li>TradingView: Numerous free community scripts exist (e.g., "Weis Wave Volume" by LazyBear). Look for "Advanced" versions that include consolidation highlighting to avoid false signals during sideways markets.</li><li>MetaTrader 5 (MT5): Tools like the Weis Volume Dynamics Indicator are available for advanced volume-based oscillators.</li><li>Best Charts: While it works on any timeframe, it is particularly effective on Renko or Tick charts, which focus purely on price movement and strip away time-based distortions. </li></ul><p>Important Note: The current "forming" wave will repaint as new data comes in until the price reverses enough to trigger a new wave direction. Historical waves are fixed and do not change.&nbsp;</p>