Dark
Theme
Light
Theme
Register
Username or Email
Username or Email
Password
Password
Forgot
Signup
Forgot
Browse
Register
Downloads / Indicators
Articles
Upgrade to Elite
Unanswered Posts
My Posts
Return to Homepage
Today's Posts
Trading Reviews and Vendors
Futures Brokers Reviews
Traders Hideout (general)
Platforms and Indicators
Trading Journals
Elite Trading Journals
Psychology and Money Management
Off-Topic
The Elite Circle
Webinars
Trading Articles
Main Trading Articles Index
Article Categories
Help, Tutorials, How-To's
Traders and Trading Methods
Platforms, Tools and Indicators
Terms (Glossary)
Article Tools
List New Articles
List Recent Article Changes
Random Article
Most Popular Articles
Category Groupings
Wanted Articles
Most Linked to from Forum
Go to Page...
Quotes
by TradingView
>
Downloads
>
NinjaTrader
>
NinjaTrader 8 Indicators and More
>
Categories
Show
Search
Help
Search
title and description
keywords
Advanced Search
Winning nominations
What's Hot
What's New
New Ratings
Some Random Entries
Home Category
Login to Download
Klein Wave Volume
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waves (5 Swings) with shortening of thrust in the 3rd Wave (5th Swing) and reduced wave volume it indicates supply is withdrawn from the Market.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
Details:
Klein Wave Volume
Category:
NinjaTrader 8 Indicators and More
April 7th, 2021
Size: 9.92 KB
Downloaded: 696 times
2352
TraderGB
Comments/ratings
Realtimetrader
April 10th, 2021 10:12 AM
Thanks for this tool.
Can you make this please for N7 also ?
Greatings !
TraderYoda
April 11th, 2021 06:00 AM
Outstanding job!! Your generous contribution to this forum is truly appreciated!
Trader604
April 13th, 2021 09:08 PM
No Comment
Leon Blokland
April 16th, 2021 11:17 AM
Great tool!
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
llupus
April 18th, 2021 06:19 PM
No Comment
llupus
April 18th, 2021 06:19 PM
No Comment
milehightrader
April 27th, 2021 12:00 AM
No Comment
intifadamericana
April 28th, 2021 08:42 PM
No Comment
TraderG
April 29th, 2021 08:47 PM
Thank you, very useful indicator. May I suggest you calculate the Delta too and display it with the volume.
Page 1 of 2
1
2
>
Sort by
Date created (ascending)
Date created (descending)
Username
futures io is now NexusFi
Trading Webinars How-to's
Trading Reviews & Products
Legends Trading (Prop Trading)
NinjaTrader Brokerage (Broker)
Markets Chat (Trading Rooms)
Ninja Mobile Trader (Server Hosting)
Apex Trader Funding (Prop Trading)
Tradovate (Trading Platform)
NinjaTrader (Trading Platform)
SharkIndicators (Trading Software)
© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
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.