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Weis Volume vs Plutus and SI Signals

If you were to trade with the regular Weis Wave indicator you would have to analyze a chart like this one:


and you would wonder how come after these huge down volume waves the price reversed with such small up waves.


But if you were to trade with Weis Wave with Speed Index you would have a chart like the one below and you would know exactly why the trend reversed. These are reasons defined by the indicator:

  1. High PVR = equals buyers

  2. High SI on 27.2 = Hard To Move Down = Buyers on the down wave

  3. PL Signal - Classic Exit from Range with Plutus signal

.....and long signals continue on the way from Plutus = 217 pips from the Entry.





 
 
 

1 Comment


sho akutsu
Sep 13, 2023

Great explanation!

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