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Trading product for Weis Waves Indicator Imbalance OBV, image 1
Weis Waves
Indicator
108 downloads
Version 1.0, May 2026
Windows, Mac
5.0
Reviews: 1
Trading product for Weis Waves Indicator Imbalance OBV, image 2
Trading product for Weis Waves Indicator Imbalance OBV, image 3
Trading product for Weis Waves Indicator Imbalance OBV, image 4
Trading product for Weis Waves Indicator Imbalance OBV, image 5
Since 24/03/2026
13
Sales
108
Free installs

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

5.0
Reviews: 1
5
100 %
4
0 %
3
0 %
2
0 %
1
0 %
Customer reviews
July 19, 2026
Weis Waves is a solid, classic implementation of David Weis's volume wave concept for cTrader. It perfectly aggregates tick volume into directional waves, making Wyckoff principles like effort vs. result and momentum exhaustion visually obvious. The color-coded up/down volume separation is clean, and the indicator runs flawlessly across Forex and Gold. While it lacks built-in alerts for volume spikes, it’s an essential, lightweight tool for traders reading market context through volume.

Discussion

FAQ

Imbalance
OBV
Volume
Supply & Demand
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

Since 24/03/2026
13
Sales
108
Free installs