View Download Details
futures io


Categories Help    

 
Klein Wave Volume 5 *
KleinWaveVolumeNT8, NT7 to NT8 conversion, TraderGB, April 7, 2021

Description: Klein Wave Volume indicator is used to determine supply and demand in the form of waves. This indicator is based off Wyckoff method. If you've studied under the late great David Weis, Dr. Gary Dayton or Gary Fullett, you'll probably want to have this indicator in your tool box.

It helps to identify:

1) No Supply
2) No Demand
3) Change of Behavior (COB)
4) Large Effort No Reward








No Supply: If there are 3 down waves (5 Swings) with shortening of thrust in the 3rd Wave (5th Swing) and reduced wave volume it indicates supply is withdrawn from the Market.

No Demand: If there are 3 up waves (5 Swings with shortening of thrust (SOT) in the 3rd Wave (5th swing), and reduced wave volume, it indicates demand is reduced.

COB (Change of Behavior): After continuous down or up wave, if you see large wave against the current trend (HH or LL) it indicates COB and Market is changing its trend or direction.

Large Effort No Reward:
* If there is a large Down Wave and the price did not move much compared to previous down swing and failed to make Lower Low it indicates that there was large effort to go down and there is no reward and hence market will reverse upward.

* If there is a large Up Wave and the price did not move much compared to previous up swing and failed to make Higher High it indicates that there was large effort to go up and there is no reward and hence market will reverse downward.

In general, when the wave volume is diminishing in the down swings, it indicates supply is withdrawn from market.

Same way when the wave volume is diminishing in up waves, it indicates there is no demand in the market.


Category NinjaTrader 8 Indicators and More 
 
Suggest other entries I might like
Details: Klein Wave Volume
Category: NinjaTrader 8 Indicators and More 


April 7th, 2021
Size: 9.92 KB
Downloaded: 110 times
Comments/ratings
5 * Realtimetrader April 10th, 2021 10:12 AM
Thanks for this tool.

Can you make this please for N7 also ?

Greatings !
5 * TraderYoda April 11th, 2021 06:00 AM
Outstanding job!! Your generous contribution to this forum is truly appreciated!
5 * Trader604 April 13th, 2021 09:08 PM
No Comment
4 * Leon Blokland April 16th, 2021 11:17 AM
Great tool!
5 * Tradarr April 17th, 2021 03:55 PM
Thanks! About to install , are there chart or market analyzer alerts for the 4 signals?

1) No Supply
2) No Demand
3) Change of Behavior (COB)
4) Large Effort No Reward
5 * llupus April 18th, 2021 06:19 PM
No Comment
5 * llupus April 18th, 2021 06:19 PM
No Comment

 
Sort by

 



Copyright © 2021 by futures io, s.a., Av Ricardo J. Alfaro, Century Tower, Panama, +507 833-9432, info@futures.io
All information is for educational use only and is not investment advice.
There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.