Weis Wave Scouter Basic
- Indicators
- Jean Carlos Martins Roso
- Version: 1.0
The Weis Wave Scouter Basic is the essential version of our renowned indicator for MetaTrader 5, designed for traders who wish to explore the concepts of the Wyckoff method and VSA (Volume Spread Analysis) in an accessible and efficient way. Based on volume wave reading, this simplified indicator allows you to clearly identify market movements, focusing on the principles of effort vs result and supply and demand, as taught by Richard Wyckoff.
With Weis Wave Scouter Basic, you can visualize bullish and bearish waves through intuitive histograms, available in a standard color theme (Classic), making it easier to interpret trends and reversals. The indicator supports basic adjustments such as Brick Size and Volume Scale Factor, and offers the option to use either tick or real volumes, making it versatile for different markets such as Forex, stocks, and cryptocurrencies. Perfect for beginners or traders seeking a straightforward tool, the Weis Wave Scouter Basic is the ideal starting point to apply Wyckoff and VSA techniques in your trading.
Start mastering volume analysis with Weis Wave Scouter Basic and elevate your market performance.