Weis Waves
Indicator
57 downloads
Version 1.0, May 2026
Windows, Mac
Description
The Weis Wave indicator is rooted in the work of David Weis, a technician who combined Wyckoff analysis with modern charting. He used these volume waves to spot when smart money is actively participating or stepping back, following the Wyckoff principle that volume validates price movement.
When to use it:
[ Trend confirmation ]
[ Momentum exhaustion ]
[ Divergence ][ Absorption]
Summary
AI summary
The Weis Waves indicator is based on the original work of David Weis, who integrated Wyckoff analysis with modern charting techniques. It analyzes volume waves to identify when informed market participants ("smart money") are actively involved or withdrawing, following the Wyckoff principle that volume confirms price movements. This indicator is used primarily for trend confirmation, detecting momentum exhaustion, spotting divergences, and identifying absorption phases in the market. It processes bar data with volume information and provides visualizations, filters, and trading signals related to trend strength, reversals, and divergences. The indicator is categorized under volume-based tools and supports analysis of supply and demand zones, imbalances, and on-balance volume concepts.
Indicator profile
Indicator category
Volume
Output type
Visualisation
Filter
Signals
Data requirements
Bars only
Volume
Supported signals
Reversal
Trend strength
Divergence
Customer reviews
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Discussion
FAQ
Imbalance
OBV
Volume
Supply & Demand
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Price
Since 24/03/2026
10
Sales
57
Free installs