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Waddah_Attar_Explosion for MT4

rtt512

New Member
this indicator is best for trend markert and you can make good profits with it.

Explanation from the indicator developer:

"Various components of the indicator are:

Dead Zone Line: Works as a filter for weak signals. Do not trade when the red or green histogram is below it.

Histograms:
- Red histogram shows the current down trend.
- Green histogram shows the current up trend.
- Sienna line shows the explosion in price up or down.

Signal for ENTER_BUY: All the following conditions must be met.
- Green histo is raising.
- Green histo above Explosion line.
- Explosion line raising.
- Both green histo and Explosion line above DeadZone line.

Signal for EXIT_BUY: Exit when green histo crosses below Explosion line.

Signal for ENTER_SELL: All the following conditions must be met.
- Red histo is raising.
- Red histo above Explosion line.
- Explosion line raising.
- Both red histo and Explosion line above DeadZone line.

Signal for EXIT_SELL: Exit when red histo crosses below Explosion line.
 

Attachments

  • Waddah_Attar_Explosion.mq4
    7.8 KB · Views: 10
This indicator seems ideal for trending markets, offering clear signals for buying and selling based on histogram movements and the 'Explosion' line. Following its criteria could potentially lead to profitable trades.
 
if combined with a ranging market filter, this indicator could make for a good trading system. Any ideas for a ranging filter indicator is appreciated.
 

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