Waddah Attar Explosion is an entry indicator that analyzes momentum and volume. This indicator is very sensitive and works very well on lower time frames for scalping, and higher time frames for confirming explosive movements or shifts in trend or momentum in the market.
Features & Functions
This indicator can be customized by adjusting the sensitivity levels, lengths, and multiplier. However, we find that the settings that we have made as default work very well. However, as with all indicators, nuance and customizing your settings to your asset class and time frame will yield greater results.
Bar Coloring - This indicator colors the bars to indicate a buy or sell signal, as well as printing Up and Down arrows in the indicator pane itself. This can be disabled in the settings window.
Alerts - This indicator is programmed with alerts for Buy and Sell alerts, available from the Alerts Window.
To identify likely turning points in the market, or confirmation of a trend. Please refer to the Waddah Attar Explosion YouTube Video on our Channel for a full tutorial.