What is it? This is an indicator to complement @modhelius' Weis Wave Volume Indicator. Original code has been modified to display wave volume (cumulative) numbers above or below the latest candle of the corresponding wave on the main pane. Since we are concerned only with relative volume, VOLUME NUMBERS HAVE BEEN SCALED DOWN. (If you need actual volume numbers,...
VolumeFI uses our proprietary DynaFIB EMA Moving average to create a unified volume trend that leverages Weiss Wave mechanics. There are a few items to note with the use of this tool: 1) The Volume wave created can be customized, becoming more sensitive if the EMA Length is changed in the settings. By default the value is 6, and I would not go below 3 or above...
This is the same as but for dark backgrounds. Unfortunately, adding color choices for the numbers puts the script over the Tradingview 64 plot limit. Please read the notes for updates at the linked script above. Also, check out Be sure to watch the videos at both sites to understand how to use the scripts.