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All about Oscillator & Histogram
Indicator_Strength
These indicator have 3 Choice [ MA ; MACD ; Stochastic ] for displays in histogram form.
The difference between either :
1. MA_Power=true ~ a fast and slow Moving Average.
2. MACD_Power=true ~ main and signal lines of a MACD indicator.
3. Stochastic_Power=true ~ main and signal lines of a stochastic indicator.
Only one option can be choosen (default is [MA] Moving Average) at any one time, although another indicator can be opened for another option.
This indicator also displays average (strength) levels of difference values above and below the zero line. The feature can be disabled (Set_Levels=false).
This indicator is meant to gauge the power/strength behind a price move.
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Weis Wave [Wyckoff Wave & Volume]
David Weis a veteran VSA teacher commercialized his Weis Wave indicator which is considered as A Modern Adaptation of the Wyckoff Wave & Volume. Get introduced about Weis wave reading the description “Weis Wave Plugin_ A Modern Adaptation of the Wyckoff Wave & Volume” from:
Weis Wave Plugin: A Modern Adaptation of the Wyckoff Wave & Volume
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