Weis Volume Flow Indicator for MetaTrader 5 Download - [TradingFinder]

The Weis Volume Flow indicator is a technical analysis tool used to analyze volume flow in financial markets.

This indicator is based on Volume Analysis concepts and aims to identify the strength or weakness of market money flow through volume analysis and price movement.

Indicator Specifications Table

The key specifications of the Weis Volume Flow indicator are displayed in the table below:

Uptrend Conditions

The chart below shows the global gold price against the U.S. dollar (XAU/USD) in a 15 minute timeframe.

The positive and continuously increasing histogram of the Weis Volume Flow indicates money flowing into the market, which is typically associated with strong bullish trends.

Downtrend Conditions

The image below shows the Ethereum price chart (ETH/USD) in a 30 minute timeframe.

The negative and decreasing histogram of the Weis Volume Flow reflects money exiting the market. Strong bearish trends often accompany this scenario.

Indicator Settings

The adjustable settings of the Weis Volume Flow indicator are shown in the image below:

• Volume Method for Waves: Calculation method for wave-based volume;
• Theme: Indicator theme.

Conclusion

The Weis Volume Flow indicator analyzes trading volumes to identify market trend strength and changes in smart money flow.

This tool provides trading opportunities and highlights entry points for Buy and Sell trades, and it is available as a MetaTrader 5 indicator, making it easy for traders to integrate into their strategies on this advanced platform.