Hey everyone I have modified Waddah Attar Explosion indicator to work in low price markets like crypto as well as any other market. This trading system is a highly efficient robot based on the Waddah Attar Explosion indicator for accurate entry signals. Waddah Attar Explosion MT4 Indicator – Download Instructions on the information they have and then they can modify their strategy for better trading. BETTER PLACE ISRAEL MAP JESUS

Histograms: - Red histogram shows the current down trend. All of the parameters are configurable via options page. You may have to tune it for your instrument. Release Notes: - Removed unused line Open-source script In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it.

Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart. Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.

After adding the file, close and restart the platform in order for the indicator to appear, and you will find it in the indicators tab in the list Own. Be sure to read: How to add custom tools to MetaTrader 4 We don't have to set anything, we leave the parameters unchanged. It will be easier to change the color of the middle line to a more pronounced one, as below. Waddah for MT4 is built on a price basis and can easily be used by the trader to determine when the price of a given currency pair or other asset began to move as a move of a continuing trend or correction.

In addition, it will show us strong break-outs and key moments when a strong impulse begins and ends. To obtain information about a trend reversal, additional technical analysis tools should be used from a higher time frame D1, W1 - support and resistance levels or trend lines because the probability of trend reversal is less likely than that the trend will continue. Operation and signals Like every indicator, Waddah will also provide us with two signals based on its operation, i.

Interpreting them is not complicated, because the indicator is transparent and easy to understand. Buy signal will show us a green bar above the blue line running through the center. Exit should be when the green bar is below the blue line. Similarly, we proceed in the case of sales signal looking at the red bars. Large and single bars, both green and red, show us the start of a strong impulse, which will often be information about the beginning trend.

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Never, ever trade with just a volume indicator. The typically accepted range is It serves to filter out signals which occur in this area. Most leave this setting on its default value. ExplosionPower: Represents the level at which the indicator will generate an alert signal. TrendPower: Represents the level at which the indicator will alert us regarding the strength of the trend. AlertWindow: Visually displays alerts, or not. AlertLong: This enables the buy long entry alert.

AlertShort: This enables the short sell entry alert. AlertExitLong: This enables the buy long exit alert. AlertExitShort: This enables the short sell exit alert. When used in conjunction with baseline and entry indicators, the confluence when multiple things in agreement raise the level of confidence of indicators increases your odds of a successful trade. We will keep adding better indicators with each study for your use, at no charge. And now, you are aware of a volume indicator that is more efficient.

Our only goal is to make you a better trader. The information contained within the courses and on the website neither constitutes investment advice nor a general recommendation on investments. It is not intended to be and should not be interpreted as investment advice or a general recommendation on investment. Any person who places trades, orders or makes other types of trades and investments etc.

It is recommended that any person taking investment decisions consults with an independent financial advisor. Stonehill Forex Limited training courses and blogs are for educational purposes only, not a financial advisory service, and does not give financial advice or make general recommendations on investment. Search for:. These volumes come in handy for predicting upcoming market trends.

The Waddah Attar Explosion Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences. How does it work? How to apply in trading? Buy Signal Follow these steps for a long trade: The volume bars turn green and float above the average line A bullish pattern should occur at the activity chart Open buy trade after both conditions are met Set stop loss few pips below the last swing low point Take profit or exit trade whenever big red volume bars are placed or use your own method of trade exit Sell Signal Follow these steps for a short trade: The volume bars turn red and float above the average line A bearish pattern should occur at the activity chart Open sell trade after both conditions are met Set stop loss above last swing high point Take profit or exit trade whenever big green volume bars are placed or use your own method of trade exit As always, to achieve good results, remember about proper money management.

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The green histogram indicators the current uptrend. Long Signal: The green histogram is higher than the yellow line. Short Signal: The red histogram bar is higher than the yellow line. See the marked up chart below. If you were to follow the simple rule of opening a position when the histogram crossed over the explosion line, you would have many more losing trades.

To remedy that, we have a suggestion. For better trading odds, consider the following; the angle of the explosion line. Never, ever trade with just a volume indicator. The typically accepted range is It serves to filter out signals which occur in this area. Most leave this setting on its default value. ExplosionPower: Represents the level at which the indicator will generate an alert signal. TrendPower: Represents the level at which the indicator will alert us regarding the strength of the trend.

AlertWindow: Visually displays alerts, or not. AlertLong: This enables the buy long entry alert. AlertShort: This enables the short sell entry alert. AlertExitLong: This enables the buy long exit alert. AlertExitShort: This enables the short sell exit alert. When used in conjunction with baseline and entry indicators, the confluence when multiple things in agreement raise the level of confidence of indicators increases your odds of a successful trade.

We will keep adding better indicators with each study for your use, at no charge. And now, you are aware of a volume indicator that is more efficient. These volumes come in handy for predicting upcoming market trends. The Waddah Attar Explosion Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading? Buy Signal Follow these steps for a long trade: The volume bars turn green and float above the average line A bullish pattern should occur at the activity chart Open buy trade after both conditions are met Set stop loss few pips below the last swing low point Take profit or exit trade whenever big red volume bars are placed or use your own method of trade exit Sell Signal Follow these steps for a short trade: The volume bars turn red and float above the average line A bearish pattern should occur at the activity chart Open sell trade after both conditions are met Set stop loss above last swing high point Take profit or exit trade whenever big green volume bars are placed or use your own method of trade exit As always, to achieve good results, remember about proper money management.

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Profitable Trading Indicators - Waddah Attar Explosion Reversal Indicator Testing

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