About the Weis Wave 3c Indicator
The Weis Wave 3c indicator for MetaTrader 4 is a wave-based trading tool that focuses on buying and selling pressure rather than individual price candles.
It groups price movement into waves, allowing traders to follow how momentum develops during trends and pullbacks.
The indicator displays histogram bars in a separate MT4 window below the main price chart.
Green bars represent bullish waves where buying pressure dominates. Red bars represent bearish waves where selling pressure is stronger.
Each wave connects highs and lows, helping traders monitor trend progression and potential turning points.
Weis Wave 3c is suitable for trend traders and swing traders who want a deeper look at market participation.
It works on all timeframes and currency pairs and is often combined with moving averages, support and resistance, or momentum filters to improve trade accuracy.
Free Download
Download the “WeisWave3c.ex4” MT4 indicator
Key Features
- Identifies buy and sell waves using histogram bars.
- Green histogram bars indicate upward wave pressure.
- Red histogram bars indicate downward wave pressure.
- Connects highs and lows into continuous waves.
- Compatible with all timeframes and trading styles.
Indicator Chart
This chart shows the Weis Wave 3c indicator displayed beneath the main price chart.
The histogram highlights changes in wave direction using green and red bars, helping traders spot emerging buy and sell pressure within the current trend.
Guide to Trade with Weis Wave 3c Indicator
Buy Rules
- Wait for the first green Weis Wave 3c histogram bar to appear below the price chart.
- Confirm that the previous wave was red and has fully completed.
- Check that the price is not below a strong higher-timeframe resistance area.
- Enter a buy trade at the opening of the next candle.
Sell Rules
- Wait for the first red Weis Wave 3c histogram bar to appear below the price chart.
- Ensure the previous wave was green and has ended.
- Confirm that the price is not sitting on major support.
- Enter a sell trade at the opening of the next candle.
Stop Loss
- For buy trades, place the stop loss below the previous Weis Wave 3c wave low.
- For sell trades, place the stop loss above the previous Weis Wave 3c wave high.
- Adjust the stop loss only after a new wave forms in your favor.
Take Profit
- Set take profit at the next visible resistance level for buy trades.
- Set take profit at the next visible support level for sell trades.
- Close partial positions when wave momentum begins to weaken.
Weis Wave 3C and Simpler Trend Forex Scalping Strategy
This strategy uses the Weis Wave 3C MT4 Indicator together with the Simpler Trend MT4 Indicator.
The Weis Wave 3C indicator displays a volume-wave histogram: green bars signal buying waves, red bars signal selling waves.
The Simpler Trend indicator colors price candles: green candlesticks for a bullish trend and red candlesticks for a bearish trend.
This scalping strategy is intended for fast time frames, ideally M1 and M5, where short-term trends and volume waves offer meaningful insight.
By combining volume-wave strength with a simple trend filter, you can catch short, high-probability moves while avoiding weaker, less reliable trades.
Buy Entry Rules
- The Simpler Trend indicator must show green candlesticks, confirming bullish trend direction.
- The Weis Wave 3C histogram must print a green bar, indicating a buying wave.
- Enter long at the close of the candle on which these two conditions align.
- Set a stop loss just below the most recent swing low or below the low of the wave before entry.
- Take profit when the Weis Wave 3C histogram turns red, signaling a selling wave, or trail your stop as the price moves in your favor.
Sell Entry Rules
- The Simpler Trend indicator must show red candlesticks, confirming bearish trend direction.
- The Weis Wave 3C histogram must print a red bar, indicating a selling wave.
- Enter short at the close of the candle on which both conditions align.
- Set a stop loss just above the most recent swing high or above the high of the wave preceding entry.
- Take profit when the Weis Wave 3C histogram turns green, signaling a buying wave, or trail your stop.
Advantages
- Combines volume-wave strength and trend direction for more reliable entries.
- Visual simplicity, green and red bars and candles make setup confirmation fast.
- Scalping on M1 and M5 allows for frequent opportunities with tight risk control.
- Dynamic exit options, exit on wave reversal or trail your stop depending on market behavior.
- Helps avoid trades when volume momentum is weak or trend direction is unclear.
Drawbacks
- In very noisy or low-volume conditions, wave bars may flicker and give false signals.
- Quick, sharp reversals may invalidate waves rapidly, and stops must be tight but balanced.
- On M1 especially, signals can come and go so fast that execution must be very precise.
- Not ideal when volume is extremely low, like during off-peak hours, because wave readings may be unreliable.
- Wave indicators like Weis Wave interpret cumulative volume, which may lag slightly compared to pure price action.
- Requires good trade management discipline to trail stops without giving back too much profit.
Case Study 1
On EURUSD M5 during the London-New York overlap, the Simpler Trend candles turned green, confirming a short-term uptrend.
The Weis Wave 3C histogram printed a green bar at nearly the same time, showing buying wave strength.
A long trade was entered, and the stop loss was placed just below the swing low.
As the price moved higher, a red Weis Wave bar appeared, signaling a possible wave reversal.
The trade was closed at that point, capturing a small but clean scalp move.
Case Study 2
On USDJPY M1 in a fast-moving session, the Simpler Trend indicator showed red candles, and the Weis Wave 3C printed a red bar.
These aligned as the price was pulling back after a small rally.
A short position was taken, with a stop loss set just above the recent swing high.
Price dropped quickly, and when the Weis Wave histogram turned green again, the trade was closed, locking in a quick profit.
Strategy Tips
- Use limit or market orders carefully; volume-based entries sometimes come abruptly, so be ready.
- Consider using a small trailing stop once your trade is in profit to capture more of the wave move.
- Avoid trading when the Weis Wave bars are flat or very small, as this indicates weak volume momentum.
- Keep a strict risk-per-trade limit because scalping on M1 and M5 can lead to frequent trades.
- Use a demo account to test how the indicators behave on different currency pairs to find which pairs generate the best wave momentum and trend alignment.
Download Now
Download the “WeisWave3c.ex4” Metatrader 4 indicator
FAQ
How does Weis Wave 3c calculate waves?
The indicator builds waves by tracking price movement between highs and lows, grouping activity into buying and selling phases rather than individual candles.
Is Weis Wave 3c suitable for scalping?
It can be used on lower timeframes, but signals are more stable and easier to manage on H1 and higher charts.
Can Weis Wave 3c be used as a standalone indicator?
It can be traded on its own, but many traders prefer combining it with a trend filter or key price levels.
Summary
The Weis Wave 3c MT4 indicator provides a practical way to track buying and selling pressure through wave analysis.
Its histogram display keeps charts clean while offering valuable insight into trend strength and momentum shifts.
With simple rules and logical stop placement, the indicator is easy to use for both developing and experienced traders.
When combined with additional confirmation tools, Weis Wave 3c can help improve trade timing and overall consistency.
