Waddah Attar Explosion Indicator is designed for the MT4 trading platform. Essentially, this is a momentum indicator and it lets you know when it’s time to get into position. It also provides a pretty reliable market direction so that you just follow and trade with the trend. And the best part of this Waddah Attar Explosion Indicator is that it also measures the volatility. If it’s low volatility, it will not trigger a Buy or Sell signal.
The Waddah Attar Explosion Indicator is a 3 in one indicator. It has…
- a trend indicator
- a momentum indicator
- a volatility indicator
Rules are very simple with the Waddah Attar Explosion Indicator.
If you can follow the rules, you should come out on top in the long run.
This is how your chart should look like. By the way, this is used together with Elite Swing Trader for better confirmation.
Waddah Attar Explosion Histograms
Waddah Attar Explosion Histograms:
- Red histogram shows the current downtrend.
- Green histogram shows the current uptrend.
- Explosion line indicates volatility
Waddah Attar Explosion Indicator Buy Rule
Waddah Attar Explosion Indicator Buy Rule:
All the following conditions must be met.
- Green Histo is raising
- Green Histo cross above Explosion line
- Explosion line raising (with this you will get fewer trades but higher quality signals)
Waddah Attar Explosion Indicator Sell Rule
Waddah Attar Explosion Indicator Sell Rule:
All the following conditions must be met.
- Red Histo is raising.
- Red Histo above Explosion line.
- Explosion line raising (with this you will get fewer trades but higher quality signals)
Waddah Attar Explosion Indicator EXIT Rule:
Here’s an idea… you can exit the histogram (red or green) moves below the Explosion line.
Recommended Time Frames
Technically speaking, you can use this MT4 indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the H4 for better consistency.
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Leave us a comment below to let us know your thoughts on this indicator. If you like this indicator, you might like to see other indicators that we have carefully selected that will help you in your trading journey.
And if you can, you really should invest in a proven MT4 Expert Advisor to help you generate some profit on full autopilot. We highly recommend this >>> www.Scalper101.com
Visit our Free MT4 Indicator Download page. We hope you have enjoyed this post as much as we have created this strategy post for you.
Good luck and thank you for your readership.
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