Combine WWV indicator with the Heiken Ashi candlestick You can use this effective indicator in trading for a variety of purposes. Use the WWV indicator to identify price trends Trade Fixed Time with the Weis Wave Volume indicator Because this is the most intuitive signal that the indicator offers.
#SMI MOTIVEWAVE PROFESSIONAL#
When trading and analyzing the market, professional traders use the Weis Wave indicator primarily to determine the current price trend. The more the price decreases, the bigger the red volume becomes (the red WWV increases sharply). The more the price increases, the bigger the green volume gets (the green WWV increases strongly). It has 2 main colors which are green and red. When the price develops a strong trend, the WWV also grows bigger. It is built upon the current market trend aiming to describe the direction of the price movement. The Weis Wave Volume indicator (aka WWV indicator) is a technical indicator.
#SMI MOTIVEWAVE HOW TO#
If (position moreOrEqual 0 AND signal = Signals.5 In conclusion Video on how to use the Weis Wave Volume indicator If (position lessOrEqual 0 AND signal = Signals.BUY) qty += Math.abs(position) //Stop and Reverse if there is an open position //allow for 2 successive transactions If (position lessThan 0 AND signal = Signals.BUY) If (position = 0 AND signal = Signals.SELL) If (position moreThan 0 AND signal = Signals.SELL) If (position = 0 AND signal = Signals.BUY) Int qty = tradeLots * instr.getDefaultQuantity() Ĭase LONG: //Only Long Positions are allowed. Public void onSignal(OrderContext ctx, Object signal) Int qty = tradeLots * ctx.getInstrument().getDefaultQuantity() Ĭase LONG: //Only Long Positions are allowedĬase SHORT: //Only Short Positions are allowed.ĭefault: //Both Long and Short Positions Allowed Int tradeLots = getSettings().getTradeLots() Int ind = series.isLastBarComplete() ? series.size()-1 : series.size()-2 īoolean buy = series.getBoolean(ind, Signals.BUY) īoolean sell = series.getBoolean(ind, Signals.SELL)
#SMI MOTIVEWAVE SERIES#
Calculation public void onActivate(OrderContext ctx)ĭataSeries series = ctx.getDataContext().getDataSeries() Please see our Risk Disclosure and Performance Disclaimer Statement. Important Disclaimer: The information provided on this page is strictly for informational purposes and is not to be construed as advice or solicitation to buy or sell any security. Or go to the top menu, choose Add Study, start typing in this study name until you see it appear in the list, click on the study name, click OK. Go to the top menu, choose Strategies>General>SMI Ergodic Strategy Open the strategy and configure the inputs for General, Display, Trading Options, Panel and Signals. Use the strategy optimiser and back testing to aid in the selection of the period lengths and guide values.
How To Trade using the automatic SMI Ergodic StrategyĮxamine the details of the SMI Ergodic Indicator study (see link above).
#SMI MOTIVEWAVE CODE#
This strategy definition is further expressed in the code given in the calculation below. A more comprehensive strategy that may include multiple studies, margins and stops could be developed. This automated trading strategy was created to demonstrate the mechanics of an automatic trade and is not intended for actual use. Signals generated in the study are used to trigger automatic trades. The SMI Ergodic Strategy is based on the SMI Ergodic Indicator study.
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