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This Indicator / Tool set for eSignal users is our Flag Ship Tool Set and was inspired by the work of Richard Wyckoff and Dr David Weis (Weis wave plugin) and is based on Wyckoff principals. The Wyckoff Wave give one a fundamental perspective of the markets with a definite edge in anticipating direction of price.
Consits of 2 separate Indicators / Tools, the Chart version and the Histogram version. Chart version shows waves and values on chart itself. In the Histogram version, Histograms are plotted as sub windows beneath the chart.
Can plot 3 different wave properties each :
Cumulative Volume, Wave Lenght (Points Move) and Delta Volume ( Buying or Positive volume Minus Selling or Negative Volume )
The Histogram indicator can be loaded 3 times and each Histogram can be set to a different wave property separately, showing all wave properties on one chart as Histograms.
Both the Chart and Histogram versions can be plotted in multiple Time Frames, for example a Weekly wave can be plotted on a Daily chart. On the Chart version the Highest and Lowest values based on the number of wave swings selected can be plotted in different colors for easy reference. This 2 futures of this indicator suite makes it even more powerful.
The manual named MCT Wyckoff Trading Wave System Manual can be downloaded in PDF format under the Documents section.
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