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# Weis Wave
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#Note: The Weis Wave indicator shows price waves associated with the Weis Wave
Volume lower indicator.
#Note: The reversalAmount: Indicate the minimum amount price must reverse before an
inflection point can be formed. This value should be set the same on the lower Weis
Wave Volume indicator.

declare upper;

input price = hlc3;

input reversalAmount = 1.0;
input reversalMode = {default price, percent};
input displayMode = {default volume, barNumber, barTotal, none};

def mode = if reversalMode == reversalMode.price then ZigZagTrendSign(price =

price, reversalAmount=reversalAmount) else ZigZagTrendPercent(price = price,
reversalAmount=reversalAmount);
def inflection = if reversalMode == reversalMode.price then if !
isNan(ZigZagSign(price = price, reversalAmount=reversalAmount)) then 1 else 0 else
if !isNan(ZigZagPercent(price = price, reversalAmount=reversalAmount)) then 1 else
0;
rec trend = if inflection==1 and mode ==-1 then 1 else if inflection==1 and mode==1
then -1 else trend[1];

plot wave = if reversalMode == reversalMode.price then ZigZagSign(price = price,

reversalAmount=reversalAmount) else ZigZagPercent(price = price,
reversalAmount=reversalAmount);
wave.EnableApproximation();
wave.AssignValueColor(if trend[1] == 1 then color.green else color.red);
wave.SetLineWeight(3);

rec upWaveVolume = if inflection == 1 and trend == 1 and close > open then volume
else if inflection == 1 and trend == 1 and close <= open then 0 else if trend == 1
or (inflection == 1 and trend == -1 and close >= open) then upWaveVolume[1] +
volume else 0;
rec downWaveVolume = if inflection == 1 and trend == -1 and close < open then
volume else if inflection == 1 and trend == -1 and close >= open then 0 else if
trend == -1 or (inflection == 1 and trend == 1 and close <= open) then
downWaveVolume[1] + volume else 0;

rec barsUp = if inflection == 1 and trend == 1 and close > open then 1 else if
inflection == 1 and trend == 1 and close <= open then 0 else if trend == 1 or
(inflection == 1 and trend == -1 and close >= open) then barsUp[1] + 1 else 0;
rec barsDown = if inflection == 1 and trend == -1 and close < open then 1 else if
inflection == 1 and trend == -1 and close >= open then 0 else if trend == -1 or
(inflection == 1 and trend == 1 and close <= open) then barsDown[1] + 1 else 0;

plot uCount = if (displayMode == displayMode.barNumber and barsUp) then barsUp else

double.nan;
uCount.SetPaintingStrategy(paintingStrategy.VALUES_BELOW);
uCount.SetDefaultColor(color.dark_green);

plot dCount = if (displayMode == displayMode.barNumber and barsDown) then barsDown

else double.nan;
dCount.SetPaintingStrategy(paintingStrategy.VALUES_ABOVE);
dCount.SetDefaultColor(color.red);
plot uCountTot = if (displayMode == displayMode.barTotal and barsDown == 1 and
barsUp==0) then barsUp[1] else double.nan;
uCountTot.SetPaintingStrategy(paintingStrategy.VALUES_ABOVE);
uCountTot.SetDefaultColor(color.dark_green);

plot dCountTot = if (displayMode == displayMode.barTotal and barsDown==0 and

barsUp==1) then barsDown[1] else double.nan;
dCountTot.SetPaintingStrategy(paintingStrategy.VALUES_BELOW);
dCountTot.SetDefaultColor(color.red);

plot uVol = if (displayMode == displayMode.volume and barsDown == 1 and barsUp==0)

then upWaveVolume[1] else double.nan;
uVol.SetPaintingStrategy(paintingStrategy.VALUES_ABOVE);
uVol.SetDefaultColor(color.dark_green);

plot dVol = if (displayMode == displayMode.volume and barsUp == 1 and barsDown==0)

then downWaveVolume[1] else double.nan;
dVol.SetPaintingStrategy(paintingStrategy.VALUES_BELOW);
dVol.SetDefaultColor(color.red);