Hi there dear friends!
Combining the knowledge from some books, I think that a better Weis Wave indicator can be created to help with VSA/Wyckoff analysis, all in one indicator. These are the options that we should have available at the indicator settings window:
-Show Legs (on the price,like the zigzag)
-Leg Colors (Up, Down)
-Leg Volume Calculation Method (total or average) (this can't interfere with the waves plotting on indicator subwindow)
-Show Leg Volume (total, average or both) ***(shown on the pivots)
-Total Volume Color
-Average Volume Color
-Show Time (total of minutes the leg took to complete) ***(shown on pivots)
-Time Color
-Show Leg Size (Pips or Bars) ***(shown on pivots)
-Leg Size Color
-Show Volume Percentage (this option will show the percentage of expansion or shrinkage of volume between legs. The legs will always be compared to the one to it's left. Let's call it continuous mode (default mode). To override it, you double click on a leg you want to become the "master leg" (when master leg mode engaged, the selected leg turns white (or any color you choose in indi options, to highlight it), then all the legs to it's right will be compared to it. This way you can compare a high volume leg to several others and check if the next legs will have enough power to move higher or lower than it. This calculation is made using the average volume of leg, not the total. To go back to continuous mode (default), just double click on any leg. Volume expansion will be displayed in green, shrinkage displayed in red ***(shown on the pivots).
-Waves Plotting Calculation (total or average volume)
-Waves Color (Buy, Sell)
That is it! The statistics shown on pivots will be stacked above each other as your turn them on or off.
This will be a very powerful tool.
Thanks and God Bless.