Weis Volume Flow Indicator for MetaTrader 4 Download - [TradingFinder]

The Weis Volume Flow indicator is crucial for understanding trade volumes and identifying market behavior.

As an advancedanalytical tool, it combines volume and price data, similar to other Volume Indicators, enabling traders to detect the intelligent volume flow in the market.

Weis Volume Flow Indicator Specifications Table

Table below provides an overview of the specifications of the Weis Volume Flow Indicator:

Uptrend Conditions

Based on the EUR/USD currency pair chart in the 30-minute time frame, an increase in the green histogram signifies the next upward wave, while a decrease in the histogram indicates range movements or trend reversal.

Downtrend Conditions

The image below depicts the USD/CAD currency pair chart in the 15 minute time frame; with an increase in the red histogram, downward waveforms, and with its decrease, trend reversal or price range movement occurs.

Indicator Settings

Image below lists all adjustable options of the Weis Volume Flow Indicator:

• Volume Method for Waves: Method of calculating volume based on waves;
• Theme: Indicator theme.

Conclusion

The Weis Volume Flow Indicator simultaneously analyzes price changes and trade volumes, enabling the identification of strength and trend direction and the evaluation of short term upward and downward waves. It is a suitable tool for identifying entry and exit zones and can be used as a MetaTrader 4 indicator, making it accessible for traders on this widely used platform.