What is WeisWave?
WeisWave groups price movement into rising and falling waves, then displays the cumulative tick volume for each wave in a separate MT4 pane. Different bar colors help distinguish the displayed sides.
The indicator is a volume-context display based on the wave structure visible on the chart. The package includes an .ex4 file and does not add standalone signal markers.
How to use WeisWave
Compare the wave bars with the length and progress of the related price movement. Large or small bars can be reviewed alongside the chart to understand how the displayed cumulative volume changes across waves.
The package exposes the dif input with a default of 1. Use the parameter image and the main chart together when comparing different wave presentations.
Where it helps
Cumulative tick volume is organized around rising and falling price waves.
Distinct bar colors make the two wave directions easier to compare.
The separate pane preserves the main chart for price structure review.
MT4 Indicator Parameters
The table below lists the available MT4 indicator parameters. You can customize these options in the MetaTrader Inputs dialog to match your trading preferences.
| Parameter | Description |
|---|---|
| dif | Sets the wave difference parameter used by the display. Default: 1. |
The screenshot above shows the default input parameters in the MT4 settings window.
How to Install .ex4 Indicator in MetaTrader 4
- Download the ZIP file and extract it.
- In MT4, select File → Open Data Folder.
- Open MQL4 → Indicators and copy the EX4 or MQ4 file into it.
- If the package includes library files, copy them to MQL4 → Libraries. Copy TPL files to the top-level templates folder.
- Restart MT4, find the indicator in the Navigator, and drag it onto a chart.
Test the tool on a demo account first. File contents and required folders can vary between packages.
