Hello I love this indicator can you please explain me how to interpret delta wave @jayy
jayy
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@bondikho, thanks for your comment. The delta wave is the same as the pip wave described on tradethevolumewaves dot com. I think this is a good site to better understand this parameter. jayy
Arief97
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Hi jayy can you add in alert condition like the old one ?? Thank you
Madcaptains
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Hi jayy. Could you explain the orange bars and their meaning. Thank you
jayy
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@Madcaptains, read the release notes on this script. among other things, these notes describe how wave direction was defined by David Weis. When a wave reversal is not confirmed (in the notes I call it limbo) there is an option to paint the volume bar as lime (up) or orange (down) when the wave direction reverssal is unconfirmed ie in limbo.
tradingview.com/script/jrZQBZ5D-Weis-zigzag-v4-jayy/
can you please explain me how to interpret delta wave
@jayy